Healthians expands ESOP pool, revenue surges 63% in FY21

Health test at home service provider Healthians has expanded its employee stock options (ESOPs) pool by adding fresh options, becoming one of more than a dozen startups that have expanded their ESOP pool size since the beginning of this year.

The board of Healthians has passed a special resolution to increase the existing ESOP pool by 9,592 options to 30,104 options, regulatory filings with the Registrar of Companies (RoC) show.

According to Fintrackr’s estimate, the addition of fresh options in Healthians’ stock options is worth Rs 20 crore, whereas the total value of the company's ESOP pool amounts to Rs 62.76 crore or $8 million.

The development has come after six months of its $54 million Series C round led by WestBridge and Trifecta Ventures.

Healthians offers a wide range of pathology tests from their network labs in more than 140 cities across India. It also provides a free home sample collection and delivers the soft copy of reports the same day and claims to have more than 20 lakh satisfied customers. 

According to the company’s website, it has over 800 phlebotomists on the platform who have done more than 10 crore tests so far.

While Healthians is yet to file its financial statement for FY22, its scale grew 63.4% to Rs 67.06 crore in FY21 from Rs 41.04 crore in FY20, as per its annual financial statements filed with the RoC. The losses of the company also surged 26% to Rs 44.5 crore during FY21 from Rs 35.33 crore in the preceding fiscal year 2020.

Earlier this month, brokerage-free real estate platform NoBroker and grocery and essentials-focused social commerce startup DealShare also expanded their ESOP pool. Moreover, Money View, Purplle, LEAP, Wiz Freight, Ather Energy, Ninjacart, Ecom Express, Pine Labs and VeGrow expanded their ESOP pool in 2022.