Darwinbox buys back $10 million ESOPs with 3rd such round in 4 yrs
Hyderabad: HRTech unicorn Darwinbox has completed a Rs 86 crore ($10 million) employee stock ownership plan (ESOP) buyback, marking its third and largest such buyback programme in the past four years.
Over 350 employees located across the company's 11 global offices in India, North America, Southeast Asia, and the Middle East benefited from this buyback round, which was offered to reward employees, the Hyderabad-based unicorn said on Monday.
In March 2025, Darwinbox added global private equity giants Partners Group and KKR to its cap table through a $140 million deal that was aimed at strengthening its position in deep technology innovation and global market expansion.
'At Darwinbox, we've always believed that those who help build value should share in it. Even as we invest deeply in innovation and global growth, we remain equally committed to creating meaningful outcomes for our people. This buyback, like the ones before, reflects our belief in sharing success with our people and building a culture of ownership,' said Darwinbox Co-founder Jayant Paleti.
'Talent has always been at the heart of what we do at Darwinbox, and we've been intentional about ensuring they grow with the company—not just in impact, but also in wealth creation. Some of the best minds from the industry have joined us to help shape the future of work. As we double down on R&D to power an AI-first world, we're excited to welcome great talent on this journey,' said Chaitanya Peddi, Co-founder, Darwinbox.
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