Five Indian startups have collectively bought back ESOPs worth nearly $218.42 million in the first quarter of 2026, according to data compiled by Entrackr. In the ongoing calendar year, BrowserStack has led ESOP liquidity events with a $125 million share buyback programme. It was followed by Innovaccer ($75 million), CoinDCX ($12.2 million), Unacademy ($5.5 million), and Emversity ($0.72 million).