Liquidity solutions to attract top talent
Liquidity solutions to retain top talent
Liquidity solutions to motivate top talent
Our Portfolio
See the companies benefiting from our ESOP liquidity solutions, creating wealth for their employees and standing out as top employers.
Top Stories
Feb 19, 2026
NEWS
Crypto Unicorn CoinDCX Announces ₹111 Cr ESOP Buyback
Jan 12, 2026
NEWS
BrowserStack launches $125 Mn ESOP buyback for employees and early backers
Nov 25, 2025
NEWS
Edtech startup SpeakX announces $1 Mn ESOP buyback for 15 employees
Oct 07, 2025
NEWS
InsuranceDekho launches $2 Mn ESOP liquidity program
Fund Thesis
Empowering growth-stage startups in India with sector-agnostic investments for scalable success.
Hissa Fund Offering
Elevate ESOP liquidity with tech-driven management and on-demand settlements
Continuous liquidity that helps rationalize compensation cost
Continuous Liquidity vs Liquidity Programmes
Liquidity on demand with a T+ 5 settlement cycle
Tech driven compliance management
Full stack equity management
Smart solution for employee liquidity
Employees no longer need to wait for traditional liquidity events like IPOs, which take around 13 years, or M&As, which take about 10 years. Instead, they can access ‘liquidity on demand’ through the Hissa fund, allowing them to cash in on their ESOP paper wealth and thereby helping companies to rationalize payroll costs.
Stand out amongst
employers
Smart solution for employee liquidity
Employees no longer need to wait for traditional liquidity events like IPOs, which take around 13 years, or M&As, which take about 10 years. Instead, they can access ‘liquidity on demand’ through the Hissa fund, allowing them to cash in on their ESOP paper wealth and thereby helping companies to rationalize payroll costs
Stand out amongst employers
Fund Team
Meet the team committed to delivering efficient ESOP liquidity solutions
Satish Mugulavalli
Managing Partner
Satish excels in driving product innovation and shaping operational strategy. With a background in deep tech investments, he has analyzed over 1,200 startups, made 12 significant investments, and guided 15 ventures as a former Pre-Series A VC.
Srinivas Katta
Managing Partner
Srinivas spearheads strategy, legal operations, and partnerships, setting new standards for equity financing. As a founding partner at IndusLaw, Srinivas has significantly advanced the firm’s Private Equity, Venture Capital, and TMT practices.
Srihari Katta
General Partner
Srihari leads Hissa Fund, directing the Investment Management division with expertise and vision. He has raised over $250M and managed $0.5B in assets across real estate and equity. His key responsibility is to build a healthy deal pipeline.
Rithvik Kasireddy
General Partner
Rithvik leads Hissa Fund with focuses in building and maintaining the trust of our valued investors, prudent investment selection and portfolio management. Rithvik has structured and funded over $2 Billion in debt and co-managed a $100 Million debt fund.
Hissa Fund
Maximize ESOP attractiveness with ‘liquidity on demand,’ allowing employees to convert their ESOPs into cash when needed, while helping companies manage payroll expenses more effectively
Hissa Fund is India’s first dedicated ESOP secondary fund ($35M, SEBI-registered Category II AIF) that purchases vested employee shares in Indian growth-stage startups before an IPO.
Unlike company buybacks that require board approval, Hissa Fund provides liquidity
on demand — employees initiate the transaction and receive cash within 5 business days. The fund has provided liquidity to 3,000+ employees across 100+ Indian companies including Miko.
Frequently asked Questions
1. What is the Hissa Fund?
Hissa Fund is an investment vehicle that provides liquidity to employees by purchasing Employee Stock Options (ESOPs), allowing employees to unlock the value of their equity.
2. How can Hissa Fund benefit employees?
Hissa Fund offers employees the chance to convert their ESOPs into cash, providing immediate liquidity without having to wait for an IPO or acquisition. It’s an opportunity to unlock the value of their stock options.
3. Will selling ESOPs to Hissa Fund affect the relationship with the employer?
No, selling ESOPs to Hissa Fund does not impact employment status or the relationship with the employer.
4. How long does it take to sell ESOPs to Hissa Fund?
Transactions are usually finalized within a T+5 settlement cycle once the transaction documents between the employers and Hissa Fund are mutually agreed upon.
5. Can only a portion of ESOPs be sold to Hissa Fund, or is it all or nothing?
Hissa Fund offers flexibility, letting employees sell some or all of their vested ESOPs. This is usually decided by the employers, and Hissa Fund works closely with them.
6. How does the Hissa Fund benefit companies?
Hissa Fund enhances talent retention by offering liquidity options to employees, reducing reliance on cash compensation.
7. How can Hissa Fund assist with ESOP liquidity?
The fund facilitates the liquidity process, allowing employees to sell ESOPs and access cash, boosting morale and easing compensation pressures.
8. What role does technology play in Hissa Fund’s operations?
Hissa Fund utilizes its digital equity management platform to streamline liquidity processes, increasing efficiency for all stakeholders involved.
9. Does Hissa Fund offer any advisory services related to ESOPs?
Yes, Hissa Fund offers advisory services to help companies structure ESOP programs and develop strategies for liquidity events, aligning with long-term business goals.
10. Can Hissa Fund assist in the management of multiple liquidity events for the same company?
Yes, Hissa Fund can manage multiple liquidity events, providing consistent solutions that help employees liquidate their ESOPs over time, especially in growing companies with different funding stages.
11. What makes Hissa Fund attractive to investors?
The fund offers unique non-linear returns by investing in exercised stock options from growth-stage startups, bypassing the typical J-curve of venture capital investments.
12. How does Hissa Fund identify investment opportunities?
Hissa Fund invests in ESOPs of Series B+ companies, giving employees an opportunity to liquidate their equity before a major liquidity event like an IPO or acquisition.
13. How does Hissa Fund provide liquidity to employees?
Hissa Fund ensures a fast, T+5 settlement cycle, providing efficient liquidity through a digitized equity management platform.
14. What is the exit strategy for investors?
The exit strategy for investors typically revolves around the liquidity events of the underlying startups, such as an IPO or acquisition. Investors can expect to see returns as these events unfold.
15. How does Hissa Fund's sector-agnostic approach benefit investors and startups
Hissa Fund focuses on the intrinsic value and growth potential of businesses across industries, enabling it to seize diverse investment opportunities without sector limitations.
