SaaS Unicorn BrowserStack Announces $125 Mn Share Buyback

SUMMARY

The buyback programme will roll out in the coming weeks, benefitting over 500 current and former employees, along with some of its early investors

Following the latest buyback, the startup’s cumulative buyback across till date will reach over $275 Mn

The startup claims to be profitable since its inception and has more than 21 products in its portfolio

SaaS unicorn BrowserStack has announced its third share buyback programme of $125 Mn (about INR 1,125 Cr), which will provide liquidity to employees and early investors.

In a statement, the startup said that the buyback programme, which will roll out in the coming weeks, will benefit over 500 current and former employees, along with some of its early investors.

“Seeing our team members build their lives and futures alongside the company is the most rewarding part of building together. As we scale AI-driven innovation, we want our team to feel the same ownership and pride that Nakul (Aggarwal) and I do every single day,” cofounder and chief executive Ritesh Arora said.

Following the latest buyback, the startup’s cumulative buyback across till date will reach over $275 Mn.

While BrowserStack didn’t mention the name of investors which would get exit from the buyback, ET reported that Accel would be one of the beneficiaries of the programme.

“While we are not sharing a specific list of investors, this programme covers early investors who have been integral to our growth, alongside over 500 current and former employees who hold vested options,” Arora told Inc42.

Founded in 2011 by Arora and Nakul Aggarwal, BrowserStack offers a platform for software testing across various devices and browsers. It offers developer teams instant access to a cloud platform that allows them to test their websites and mobile applications for functionality, performance, and visual appeal to release bug-free software.

The startup claims to be profitable since its inception and has more than 21 products in its portfolio.

“We are now actively looking to deploy our profits to acquire more developer tool startups to further consolidate this market,” Arora said.

BrowserStack, which entered the unicorn club in 2021 after raising $200 Mn in its Series B round at a valuation of $4 Bn, acquired Y Combinator-backed HTTP interception and mocking tool Requestly in July last year. Prior to that, it also acquired Berlin-based enterprise tech platform Bird Eats Bug.

While the startup’s parent entity is based in Ireland, it was reported last year that it was in the process of shifting its domicile to India. Overall, BrowserStack has raised about $250 Mn to date from investors like Mary Meeker’s VC firm BOND and Insight Partners.

The latest development comes after an eventful 2025 in terms of ESOP buybacks. Twelve Indian startups conducted ESOP buybacks last year, helping more than 9,200 employees unlock wealth worth over INR 1,409 Cr ($158 Mn).