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Retail advisory platform Univest concludes first ESOP buyback worth Rs.1.61 Cr
Gurugram-based retail advisory platform Univest has concluded its first Employee Stock Ownership Plan (ESOP) buyback worth INR 1.61 crore. The program enabled early employees to liquidate a portion of their ESOPs, offering financial returns based on their equity holdings. Employees participating in the scheme had joined during its seed and pre-Series A stages.Co-founded in 2022 by Pranit Arora, Avneet Dhamija, and Vikash Agarwal, Univest, through its Research Analyst (RA) entity Uniresearch, provides expert trading advice across stocks, derivatives, and commodities.
In Dec-24, Univest had attracted about USD 10 M from Bertelsmann India Investments.
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