HealthifyMe announces ESOP, equity buyback programme worth $12 mn

Health-tech startup HealthifyMe on Monday announced an equity buyback programme worth $12 million (Rs 90 crore).

The development comes close on the heels of a $75 million (about Rs 559.6 crore) fund raise by the company from investors including LeapFrog and Khosla Ventures.

“Through this buyback, the company will provide liquidity to almost 100 of its key current and former team members who were early believers in the company’s vision and have played a significant role in its success,” a statement said

Prominent angel investors like TVS Capital Funds MD Gopal Srinivasan and Micromax will also receive up to 15X returns on their investment, it added.