Scapia launches Rs 20 crore ESOP buyback
The development comes after Scapia raised $63 million in a Series C funding round in May led by General Catalyst.
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The development comes after Scapia raised $63 million in a Series C funding round in May led by General Catalyst.
Prior to Microsoft, Kulkarni spent over a decade at Accenture and has previously held senior positions at EY and GE Capital.
The proposed framework could require VPN companies to establish a local presence in India, appoint compliance officers and designate officials to coordinate with government agencies.
The Bengaluru-based company said the initiative will benefit 199 individuals, including 73 existing employees and 126 former team members.
The company’s net profit increased around 25% to Rs 294.9 crore during FY26 from Rs 236 crore in the previous fiscal.
The clarification comes after FIRs were registered in Bengaluru against MobiKwik and lending partner Lendbox.
The company posted a net profit of Rs 112.5 crore in FY26 against a net loss of Rs 145.5 crore in the previous financial year.
Its total expenses grew by 61% to Rs 227 crore in FY25 in comparison to Rs 141 crore in the previous fiscal.
The financial services company posted losses of Rs 126 crore in the financial year ended March 31, 2025.
The company narrowed net loss by 87% during the period to Rs 6 crore.
The ESOP buyback will benefit more than 500 former and current employees of CoinDCX.
Total expenses of Paytm declined to Rs 2,175 crore during the quarter as compared to Rs 2,220 crore in Q3 FY25.
The initiative allows current and former employees with vested stock options to monetize their holdings.
BankBazaar's net loss narrowed to Rs 23 crore in FY25 from Rs 26.5 crore in the previous fiscal.
This comes as employee stock options at Paytm have been under regulatory scrutiny over the past year.
The company's net loss narrowed to Rs 16.16 crore in FY25 from Rs 29.24 crore in the previous fiscal.
Jar's net loss narrowed significantly to Rs 50.5 crore in FY25 from Rs 104 crore in the previous fiscal.
Acko's net loss narrowed to Rs 424.4 crore in FY25 from Rs 669.9 crore in the previous fiscal.
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