India, March 11 -- Healthtech startup Even Healthcare has announced its first-ever employee stock ownership plan (ESOP) buyback, within three years of launch.

The buyback programme, valued at $500K, will be executed at the company's primary valuation without any discount, Even Healthcare said in a statement.

This comes nearly five months after the startup raised $30 Mn in its Series A funding round led by Khosla Ventures, along with participation from Founders Fund, 8VC and Lachy Groom among others.

Even Healthcare grants stock options to every full-time employee under the same terms as its founders. The company also provides guaranteed refresher benefits to ensure continuous stock-based rewards for employees, the statement added.

"At...