India, June 2 -- Insurtech startup Plum has announced its first ESOP (employee stock ownership plan) buyback programme worth Rs.15 Cr today. Plum mentioned that the buyback will enable 199 employees to exercise their vested options as on March 31, 2026.

The initiative would benefit 73 current and 126 former employees of Plum to liquidate up to 25% of their stock options. The startup claimed that around 17 employees are expected to receive payouts exceeding Rs.20 Lakh.

The startup said that the buyback includes not only long-term employees but also former interns and early team members who received stock options during its formative years.

"Designed to be employee-friendly, broad-based, and inclusive, Plum's buyback policy reflects the ...