Darwinbox has successfully completed its ₹86 crore Employee Stock Ownership Plan (ESOP) buyback. This will benefit over 350 employees across 11 global offices. This marks the company’s third ESOP buyback in four years, highlighting the commitment towards employee wealth creation and ownership culture.
The buyback comes after the significant funding by Partners Group and KKR of $140 million, bringing the company’s valuation to $950 million. The capital raised is utilised to accelerate global expansion.
“We’re proud to complete our third ESOP buyback, reinforcing our belief that when the company grows, our people should too! This milestone reflects what we stand for: shared success, deep conviction, and a culture built on ownership,” – announced the company on LinkedIn.
Co-founder of Darwinbox, Chaitanya Peddi, expressed his optimism towards the ESOP buyback, “This isn’t just a liquidity event, it reflects something deeper – Our belief that those building the company should also benefit from the value they help create i.e. wealth creation & impact should go hand in hand.”
Darwinbox has seen a notable growth of 58% in the FY24 revenue of around ₹392 crore. The company serves popular enterprises like Starbucks, McDonald’s’s, WeWork, Vendata, airtel, and more.
