Decoding Healthians’ current ESOP and shareholding structure

Healthtech company Healthians has expanded its employee stock ownership plan by adding fresh options, joining a long list of startups and unicorns which have increased their ESOP pool size in 2021.

The Gurugram-based company has passed a special resolution to increase the existing ESOP pool by 14,212 options to 37,950 options and all options are convertible into 1 equity share each, regulatory filings show.

According to Fintrackr’s calculation, Healthians’ ESOP pool is worth nearly Rs 23.5 crore.

Healthians, which is an online diagnostics service provider, saw its last funding exercise in November 2019. The Deepak Sahni-led company had raised $12 million in its Series B round led by Japan-based DG Incubation & DG Daiwa Ventures.

While the company might raise a fresh round in the coming months, Fintrackr has also decoded its current shareholding structure after the ESOP expansion.

Founder Sahni now controls 24.57% stake in the seven-year-old company followed by its early investor Beenext which has 18.86% stake. DG Ventures holds 13.47% and the rest of the investors are in single digit. Post the expansion, the ESOP pool now reflects a 3.86% share in the cap table.

The complete shareholding structure of the company can be seen below.

Healthians offers a wide range of pathology tests from their network labs. It also provides a free home sample collection and delivers the soft copy of reports the same day. According to the company’s website, it operates in more than 80 cities and has over 800 phlebotomists on the platform who have served more than 14 lakh customers so far.

Backed by the likes of YouWeCan, the foundation backed by Indian cricketer Yuvraj Singh, Healthians has raised over $16 million in total risk capital and counts Dr Lal PathLabs, Super Religare Laboratories Ltd., and LYBRATE among its major competitors.

Besides Healthians, OfBusiness, ShareChat, Paytm, Urban Company, Bijak, PhonePe and Chaayos have also expanded their ESOP pool size in 2021.