India, Feb. 19 -- Crypto startup CoinDCX has announced its "largest-ever" ESOP (employee stock ownership plan) liquidity event, amounting to Rs.111 Cr. The buyback will provide liquidity to over 500 current and former employees

In a statement, the unicorn startup said that the buyback ensures that "ownership" is more than a line item in an offer letter. It offers a real, liquid share in the value that our employees have created through years of effort.

"We are including former employees because their contribution is permanent. Moving on to new ventures doesn't erase the sweat equity they poured into our foundation," it added.

The startup claimed that the liquidity event reflects its robust financial health and its successful transition...