Fleet mgmt platform Fleetx announces ESOP buyback worth Rs.3.9 Cr

Gurugram-based SaaS-based fleet management platform Fleetx.io has facilitated Employee Stock Options (ESOPs) for a significant number of its employees. The liquidity transaction for the same has totalled approximately INR 3.9 crore. The ESOPs buyback has been rolled out to 45 eligible current and ex-employees, as part of the closure of Fleetx's Series B funding led by IndiaMart. Fleetx offers a suite of IoT and software-based products to help both fleet operators and industries digitise their logistics operations and helps them improve the safety, efficiency and sustainability of their vehicles and operations.