Even Healthcare has launched its first Employee Stock Ownership Plan (ESOP) buyback, marking a significant milestone within just three years of its inception. This move positions the Bengaluru-based startup among Indian companies using stock ownership to retain talent and help employees build wealth.

The company announced a $500,000 buyback at its primary valuation, without applying any discount. This ensures employees receive the full value of their shares without facing the common industry practice of ESOP haircuts. The buyback follows Even Healthcare’s successful $30 million Series A funding round.

As part of its employee-first approach, the company grants ESOPs to all full-time employees under the same terms as its founders. Additionally, it offers guaranteed refresher benefits, ensuring ongoing rewards. Even Healthcare has also made its compensation and ESOP allocations publicly accessible, fostering transparency in salary decisions.

Matilde Giglio, co-founder of Even Healthcare, emphasized the company’s commitment to employee wealth creation, stating, "This buyback reflects our belief in rewarding those who contribute to Even’s growth. We aim to set a new industry standard and expand our ESOP program further."

With ESOP-driven hiring gaining momentum, professionals are increasingly prioritizing long-term equity over fixed salaries. Industry experts note that ESOPs are becoming mainstream, with more employees viewing startups as high-growth investment opportunities. A KPMG India survey revealed that 68% of companies have implemented or are considering ESOPs, with talent retention being the primary goal.