Head Digital Works, a skill gaming platform and parent company of A23, announced the successful completion of its first-ever employee stock options buyback program worth $3 million.
Among the eligible ESOP holders, 97% opted to sell a part of their vested ESOPs as part of the program. In total, nearly half of the company’s current 500+ employee base benefited from the buyback.
Deepak Gullapalli, CEO & Founder, Head Digital Works said, “Despite the current challenges in the industry, we have been mindful of our operations and are focused on ensuring stability and growth. With this ESOP buyback, we want to thank our employees for their dedication and hard work. This is the first in our 18-year history, and with more to follow, it demonstrates our commitment to long-term wealth creation for our employees.”
Founded in 2006 by Deepak Gullapalli, Head Digital Works develops and operates platforms like A23 Rummy, A23 Poker and Cricket.com. A23 has over 70 million registered users across India and is the first-ever website to launch the classical Indian Rummy.
