Fleetx announces ESOP buyback worth Rs 3.9 Cr
SaaS-based fleet management platform Fleetx.io has facilitated Employee Stock Options (ESOPs) for a significant number of its employees. The liquidity transaction for the same has totalled approximately Rs 3.9 crore or $507K. According to the company, the ESOPs buyback has been rolled out to 45 eligible current and ex-employees, as part of the closure of Fleetx’s Series B funding led by IndiaMart. Founded in 2017 by Vineet Sharma, Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria and Vishal Misra, Fleetx offers a suite of IoT and software-based products to help both fleet operators and industries digitise their logistics operations and helps them improve the safety, efficiency and sustainability of their vehicles and operations. Continue reading Fleetx announces ESOP buyback worth Rs 3.9 Cr at Entrackr.
SaaS-based fleet management platform Fleetx.io has facilitated Employee Stock Options (ESOPs) for a significant number of its employees. The liquidity transaction for the same has totalled approximately Rs 3.9 crore or $507K.
According to the company, the ESOPs buyback has been rolled out to 45 eligible current and ex-employees, as part of the closure of Fleetx’s Series B funding led by IndiaMart.
Founded in 2017 by Vineet Sharma, Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria and Vishal Misra, Fleetx offers a suite of IoT and software-based products to help both fleet operators and industries digitise their logistics operations and helps them improve the safety, efficiency and sustainability of their vehicles and operations.
