SaaS unicorn Darwinbox completes Rs 86 Cr ESOP buyback

The SaaS unicorn Darwinbox, which has offices in Hyderabad and San Francisco, has completed a significant ESOP (Employee Stock Option Plan) buyback. This program allowed eligible employees to sell their vested stock options back to the company, providing them with a liquidity event and a chance to realize the value of their equity. Such buybacks are a strong signal of a company's success and its commitment to sharing its wealth with its employees. For a unicorn startup like Darwinbox, which operates in the competitive HR tech space, offering such liquidity options is a powerful tool for retaining key talent. The buyback not only rewards the employees for their contribution but also boosts their morale and reinforces their belief in the company's long-term growth story.