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Logistics SaaS startup FarEye announces second ESOP buyback programme

Aimed at rewarding and recognizing employees' dedication and hard work in driving FarEye's growth over the last year, this is the company's second buyback and largest to date.

startups, start-ups, Open source software, technology, unicorn, funding, fintech
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Last year, FarEye raised $100 million in Series E funding to accelerate the company’s mission of empowering brands

Peerzada Abrar Bengaluru
FarEye, a global SaaS platform provider transforming last-mile logistics, has announced liquidation for Employee Stock Ownership Plan (ESOP) holders worth $1.22 million via buyback. Aimed at rewarding and recognizing employees’ dedication and hard work in driving FarEye’s growth over the last year, this is the company’s second buyback and largest to date.

FarEye will be performing this buyback of vested ESOPs using its cash reserves, a move that signals the confidence the management and investors share in the business, and the important role of employees in the success of FarEye.

"Our people are our greatest asset and their hard work

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First Published: Jan 31 2022 | 5:50 PM IST

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