Crypto exchange CoinDCX has announced its largest-ever ESOP (Employee Stock Ownership Plan) liquidity event worth Rs 111 crore. The strategic buyback will enable wealth creation for over 500 current and former employees of the Mumbai-based company.
The development comes four months after CoinDCX received an undisclosed investment from Coinbase at a post-money valuation of $2.45 billion. The company’s latest major funding round was in April 2022, when it raised $135 million at a valuation of over $2 billion.
Commenting on the buyback, Sumit Gupta,…

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