India, Jan. 13 -- Healthtech unicorn Innovaccer has completed an employee secondary buyback worth INR 600 Cr (around $75 Mn), providing liquidity to employees with vested stock options. An undisclosed number of current and ex-employees with restricted stock units (RSUs) benefitted from the ESOP buyback, the startup said.

The rationale behind the exercise was to convert employee ownership into meaningful outcomes while investing aggressively in its platform and customers, CEO Abhinav Shashank said.

"If people are helping build long-term value every day, they should have the opportunity to participate in that value along the way. Liquidity and secondary buybacks are simply an extension of our belief in people, not just as employees, but a...