SaaS startup Whatfix to buyback $4.3 Mn worth of ESOPs
Image Credit: Inc42
SaaS (Software as a solution) platform Whatfix, today announced that it has implemented an employee stock ownership plan (ESOP) buyback of $4.3 Mn (INR 32 Cr) for its employees. The company is granting them the option to liquidate up to 35% of their vested ESOPs. This is the first buyback by the company where over 80% of the eligible 175 employees have chosen not to liquidate their vested shares.