Indian insurtech startup Plum has introduced its first worker inventory possession plan (ESOP) buyback programme, value Rs 15 crore, permitting present and former workers to promote a part of their vested inventory choices.

The Bengaluru-based startup mentioned 199 workers with vested choices as of 31 March 2026 are eligible for the scheme. This contains 73 present workers and 126 former workers, who will have the ability to liquidate as much as 25% of their vested ESOPs.

Plum mentioned round 17 workers are anticipated to obtain payouts of greater than Rs 20 lakh.

The programme additionally covers former interns and early crew members who acquired inventory choices in the course of the firm’s adolescence.

Present employees will obtain the total honest market worth for his or her vested inventory choices, with none train value or low cost, the startup mentioned.

“Designed to be employee-friendly, broad-based, and inclusive, Plum’s buyback coverage displays the corporate’s tenet of constructing a tradition of care from inside, one the place possession just isn’t handled as a symbolic profit however as a significant pathway to long-term monetary wellbeing,” the startup mentioned.

The announcement comes after Plum raised Rs 193 crore, or about $20.5 million, in a Collection B funding spherical led by Peak XV Companions. Present investor Tanglin Enterprise Companions elevated its stake within the startup, whereas GMO VenturePartners joined as a brand new investor.

The funding was Plum’s first main fundraise since its $15.6 million Collection A spherical led by Tiger International in 2021. General, the startup has raised greater than $40 million from traders together with Tiger International, Incubate Fund Asia, Peak XV Ventures, Tanglin Enterprise Companions and GMO VenturePartners.

Based in 2019 by Abhishek Poddar and Saurabh Arora, Plum offers worker medical health insurance and advantages providers to companies.

The startup claims to serve greater than 6,000 organisations and supply healthcare and insurance coverage advantages to over 600,000 workers throughout India.

Its purchasers embrace Zomato, Swiggy, and WeWork India.