India, Jan. 12 -- SaaS unicorn BrowserStack has announced its third share buyback programme of $125 Mn (about INR 1,125 Cr), which will provide liquidity to employees and early investors.

In a statement, the startup said that the buyback programme, which will roll out in the coming weeks, will benefit over 500 current and former employees, along with some of its early investors.

"Seeing our team members build their lives and futures alongside the company is the most rewarding part of building together. As we scale AI-driven innovation, we want our team to feel the same ownership and pride that Nakul (Aggarwal) and I do every single day," cofounder and chief executive Ritesh Arora said.

Following the latest buyback, the startup's cumula...