Mumbai, April 8 Visa processing platform Atlys announced on Wednesday that the company had completed its first ESOP buyback worth Rs 4 crore.
Eligible employees were offered the option to liquidate up to 25 per cent of their vested stock options, Atlys said in a statement.
"We have always believed that the people building Atlys should have a share in the value they help create. This buyback is an important milestone in that journey. It gives eligible employees meaningful liquidity today, while also giving them the opportunity to deepen their long-term ownership in the company as we continue to scale globally," said Mohak Nahta, founder and CEO of Atlys.
Meanwhile, Atlys recently raised a USD 36 million Series C round led by Susquehanna Asia Venture Capital, with participation from Elevation Capital, Peak XV Partners, Long Journey Ventures, and MakeMyTrip.
Atlys currently has an annual visa run rate of over 7,00,000 and has grown 11 times since 2024.
The company has also expanded across the UAE, US, UK, and Australia, with these markets now accounting for nearly half of its business, Atlys added.