India: B2B marketplace Zetwerk completes ESOP buyback worth $8.4m

Photo: Reuters

Zetwerk Manufacturing, a B2B online marketplace, has completed three rounds of share buybacks worth $8.3 million (around 60.92 crore) from its employees and early investors, the Bengaluru-based startup said on Wednesday.

Zetwerk has over 400 employees and a large section of them participated in the employee stock options (ESOPS) liquidation process to augment their wealth, as per the startup. It also enabled exits for early-stage investors.

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