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Digital adoption assistance co WhatFix to buy back ESOPS worth $4.3 M

Economic Times  

Digital adoption solutions platform Whatfix, which raised USD 100 million from investors led by SoftBank last month as part of its Series D round, has announced its first ever employee stock ownership plan (ESOP) buyback scheme amounting to USD 4.3 million (INR 32 crore). All current and former employees will have the option to liquidate up to 35% of their vested ESOPs under the buyback. The per share price will be at the company's non-discounted valuation of around USD 600 million at the time of its Series D fund-raise. Whatfix provides in-app guidance and performance support for web applications and software products to businesses. Digital adoption solutions platform Whatfix, which raised USD 100 million from investors led by SoftBank last month as part of its Series D round, has announced its first ever employee stock ownership plan (ESOP) buyback scheme amounting to USD 4.3 million (INR 32 crore). All current and former employees will have the option to liquidate up to 35% of their vested ESOPs under the buyback. The per share price will be at the company's non-discounted valuation of around USD 600 million at the time of its Series D fund-raise. Whatfix provides in-app guidance and performance support for web applications and software products to businesses.