Perfios, a fintech-SaaS startup, has declared an ESOP buyback program, repurchasing shares worth Rs 154 crore from 135 employees.
This initiative has a significant impact, with 80 of the beneficiaries being women and 98 of them under the age of 30. Perfios, known for its financial and data analysis software, recently secured USD 229 million in Series D funding led by Kedaara Capital.
The ESOP buyback spans across various departments, rewarding long-serving employees, including those in non-core functions like administration and data processing. The fintech startup is valued at about USD 900 million.
Sabyasachi Goswami, CEO, Perfios, said, “The buyback reaffirms our dedication to placing our employees first and fostering a work environment where everyone can excel.”
In FY22, Perfios reported a revenue of Rs 136 crore, with reduced losses of Rs 12.36 crore. This buyback aligns with Perfios’ strategic growth plans, including its expansion into North America and Europe.
Categories: Other News
Leave a ReplyCancel reply