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AppsForBharat Announces First ESOP Buyback for 25 Employees

  • AppsForBharat initiates first ESOP buyback, benefiting 25 employees.
  • Partnership with Infinyte Club facilitates the buyback program.
  • Employees can liquidate vested shares for immediate financial rewards.
  • Company previously secured $18 million in Series B funding.
  • Sri Mandir app, owned by AppsForBharat, has over 30 million downloads.

Source: Entrackr

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16d ago3.6K views
FunnyBones
FunnyBones

Then there are those companies active from long time yet no buyback 🙃

Qwerty2398
Qwerty2398

Companies don't go for buy back when the vesting esop holding is higher or the A investor holding /returns are not high. If further rounds of fund raising is a nearby future then companies will go for buybacks. And when major investors see visibility of IPO then buy backs will be done.

OrangeStar5
OrangeStar5

I’ve also started pooling on Infinyte Club - hopefully we get liquidity soon. Anyone else want to pool with me ?

JadedLeaver
JadedLeaver

How did Infinyte club facilitate this?

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