CoinDCX announces Rs 111 Cr ESOP buyback for current and former employees

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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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CoinDCX announces Rs 111 Cr ESOP buyback for current and former employees


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,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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