Online broker Zerodha set to launch  ₹200-cr ESOP buyback

Bengaluru: Online brokerage Zerodha aims to roll out a buyback plan for its employees worth ₹200 crore at a self-assessed valuation of $2 billion, a senior executive of the company told Mint on Friday.

Close to 850 employees, or 85% of Zerodha’s employee base, will be eligible to participate in the buyback, which is expected to be rolled out in July. It will allow employees to sell up to 33% of their vested employee stock ownership plans (ESOPs) to the company at a valuation of $2 billion.

Zerodha entered India’s unicorn stable in June last year after spending ₹65 crore to buy back employee stocks at a value of $1 billion. The brokerage has been self-funded since its inception in 2010 and never picked up external capital.