Atlys Announces INR 4 Cr ESOP Buyback for Employees
Under the programme, employees were allowed to sell up to 25% of their vested stock options.
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Atlys, a visa processing platform, has announced its first employee stock ownership plan (ESOP) buyback worth INR 4 crore, providing liquidity to eligible employees.
Under the programme, employees were allowed to sell up to 25% of their vested stock options. The buyback was open to employees across roles and functions.
Alongside the liquidity option, the company has also introduced a provision enabling employees to increase their long-term ownership in the firm.
Founded in 2021 by Mohak Nahta, Atlys operates a digital platform that facilitates visa applications for more than 120 destinations.
The announcement comes shortly after the company raised USD 36 million in a Series C funding round led by Susquehanna Asia Venture Capital, with participation from Elevation Capital, Peak XV Partners, Long Journey Ventures, and MakeMyTrip.
Atlys is currently operating at an annual visa processing run rate of over 700,000 and has expanded into key international markets such as the UAE, US, UK, and Australia.
The move aligns with a broader trend seen in early 2026, when startups such as BrowserStack, Innovaccer, Unacademy, and CoinDCX announced ESOP buybacks, reflecting growing efforts to provide liquidity to employees.
Atlys, a visa processing platform, has announced its first employee stock ownership plan (ESOP) buyback worth INR 4 crore, providing liquidity to eligible employees.
Under the programme, employees were allowed to sell up to 25% of their vested stock options. The buyback was open to employees across roles and functions.
Alongside the liquidity option, the company has also introduced a provision enabling employees to increase their long-term ownership in the firm.
Founded in 2021 by Mohak Nahta, Atlys operates a digital platform that facilitates visa applications for more than 120 destinations.
The announcement comes shortly after the company raised USD 36 million in a Series C funding round led by Susquehanna Asia Venture Capital, with participation from Elevation Capital, Peak XV Partners, Long Journey Ventures, and MakeMyTrip.
Atlys is currently operating at an annual visa processing run rate of over 700,000 and has expanded into key international markets such as the UAE, US, UK, and Australia.
The move aligns with a broader trend seen in early 2026, when startups such as BrowserStack, Innovaccer, Unacademy, and CoinDCX announced ESOP buybacks, reflecting growing efforts to provide liquidity to employees.
