Atlys, a visa processing platform, has announced its inaugural Employee Stock Ownership Plan (ESOP) buyback valued at Rs 4 crore, offering liquidity to eligible employees.
Employees were provided the opportunity to sell up to 25% of their vested stock options, with the buyback initiative open to all roles within the company. Additionally, Atlys introduced a scheme allowing employees to increase their long-term ownership.
Established in 2021, Atlys operates a digital platform facilitating visa applications for over 120 destinations. This announcement follows the company’s recent Series C funding round of $36 million led by Susquehanna Asia Venture Capital, alongside Elevation Capital, Peak XV Partners, Long Journey Ventures, and MakeMyTrip.
With an annual visa run rate surpassing 700,000, Atlys has expanded its services to markets including the UAE, US, UK, and Australia. Several startups, such as BrowserStack, Innovaccer, Unacademy, and CoinDCX, have also disclosed collective buybacks amounting to nearly $220 million in the first quarter of 2026.
Source: Entrackr : Latest Posts