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Neobaking Jupiter announces ESOP buyback worth $4mn
March 04, 2022
Neobanking stage Jupiter has declared that it has worked with Employee Stock Options (ESOPs) for its previous and current representatives. The two liquidity exchanges for the equivalent have totaled up to roughly $4 million (₹30 crores).
The liquidity occasions, which have helped 21 previous and current Jupiter workers, come in under two months after the organization declared the conclusion of its $86 million Series C financing round from Tiger Global, Sequoia Capital India, and others.
The organization was esteemed at $710 million in the last round.
Established by Jitendra Gupta, Jupiter offers a 100 percent advanced reserve funds ledger with in-assembled cash the executives highlights like ongoing spend experiences, following fluid resources across financial balances, customized investment funds objectives, and sending/getting reserves by means of UPI.
The stage has onboarded near 800,000 clients since its commencement in 2019 and has cooperated with the Federal Bank to give ledgers to its clients.
In the continuous schedule year, north of one dozen new companies including Cars24, Gramophone, Slice, TheMathCompany, Bizongo, LEAD, FarEye, HomeLane, Trell, Ninjacart, Waycool and Porter have reported their ESOP buyback program.
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