India, April 8 -- Visa processing platform Atyls has bought back ESOPs (employee stock ownership plan) worth Rs.4 Cr in its first such exercise. 

In a statement, the startup said it provided the eligible employees the option to liquidate up to 25% of their vested options. 

"This buyback is an important milestone. it gives eligible employees meaningful liquidity today, while also giving them the opportunity to deepen their long-term ownership in the company as we continue to scale globally," Atlys founder and CEO Mohak Nahta said.

The ESOP buyback was likely carried out along with the startup's Series C funding round. The announcement comes weeks after Atlys raised $36 Mn (Rs.331.8 Cr) in a round led by Susquehanna Asia VC, wi...