Zerodha to buyback ESOPs from staff valuing it at $2 billion

Online stock brokerage Zerodha will buyback shares from employees this year, valuing it at $2 billion, Founder and CEO Nithin Kamath said. Its valuation will double from $1 billion last year when it repurchased some stock options from employees for ₹60-65 crore. Zerodha posted a standalone profit of $61 million for the financial year ended March 2020.