Bengaluru-based Even Healthcare, a growing health-tech startup, has announced its first-ever Employee Stock Ownership Plan (ESOP) buyback worth $500,000. The initiative aims to boost employee wealth creation by allowing employees to sell their shares at full valuation without any discount. This move sets a new standard in the startup ecosystem, where ESOP buybacks often involve valuation cuts.
Maximum Benefits for Employees
Unlike many other startups that apply “haircuts” on ESOP buybacks, Even Healthcare has committed to conducting the buyback at its primary valuation. This means employees can receive the full market value of their shares, enhancing their financial returns.
we want to ensure that those who contribute to our growth also benefit financially. This buyback reinforces our commitment to employee wealth creation and sets a new industry benchmark.
Matilde Giglio, Co-founder, Even Healthcare
This ESOP buyback follows a successful Series A funding round in October last year, where Even Healthcare raised $30 million. The fresh capital has helped the company expand its healthcare services, improve technology, and scale operations.
What is Even Healthcare?
Founded in 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Ialongo, Even Healthcare is an integrated health-tech startup that combines diagnostics, primary care, and insurance-backed hospital services. The company operates on a subscription-based model, offering members unlimited consultations and diagnostics for an annual fee of around Rs 4,800. Members can also opt for additional hospitalization coverage, making healthcare affordable and accessible.
Apart from the buyback initiative, Even Healthcare has introduced a comprehensive equity program to reward employees. The company provides stock options to all full-time employees under the same terms as founders, ensuring fair and equal ownership benefits.
Additionally, employees receive “guaranteed refresher benefits,” meaning they are consistently granted stock-based rewards over time. Even Healthcare also takes a transparent approach by publishing its compensation structures and ESOP details on its careers page. This initiative helps build trust and ownership among employees.
A Step Toward Employee-Centric Growth
With this employee-first approach, Even Healthcare is setting new industry standards for startup compensation, employee benefits, and financial transparency. By conducting an ESOP buyback at full valuation, the company not only acknowledges its employees’ contributions but also strengthens its reputation as a startup that values long-term growth and stability.
As Even Healthcare continues to expand, it is expected to further enhance its ESOP programs, healthcare services, and financial incentives, ensuring a strong future for both the company and its employees.
