HR tech unicorn Darwinbox completes $10 Mn ESOP buyback

The HR tech unicorn, Darwinbox, has successfully completed an Employee Stock Option Plan (ESOP) buyback worth $10 million. An ESOP buyback is a process where the company buys back the stock options from its employees, providing them with an opportunity to monetize their vested shares. This is a significant move by the company to reward its employees for their contribution to its growth. It is also a sign of the company's strong financial health and its confidence in its future prospects. Such buyback programs are a key tool for startups to attract and retain top talent, as they provide a clear path for employees to create wealth. The successful completion of this large ESOP buyback is a positive milestone for Darwinbox and for its employees.