Express Computer
Home  »  News  »  Unacademy announces ESOPs buyback

Unacademy announces ESOPs buyback

0 30
Read Article

Unacademy, India’s largest learning platform, announced it will have an ESOPs buyback on December 10, 2020 for its current and exited employees, the second such liquidity event at the company founded 5 years back. All vested ESOPs until December 10, 2020 will be eligible for the buyback and current and exited employees may liquidate between 25% to 100% of vested ESOPs based on a specified scheme.

The size of the buyback pool is likely to be around Rs. 25 to 30 Crores, based on the number of ESOPs liquidated by employees. Unacademy had conducted its first ESOPs buyout in September 2019. At that time, the buyback pool was about a tenth of the current buyback size. Unacademy employees who have been granted ESOPs and have completed more than one year with the company will be eligible to participate in this liquidity round.

Making the announcement in an internal note, Gaurav Munjal, Co-founder and CEO, Unacademy, thanked employees for playing a crucial role in the company’s growth, and encouraged them to continue their efforts to democratise education in the country.


If you have an interesting article / experience / case study to share, please get in touch with us at [email protected]

Advertisement

Get real time updates directly on you device, subscribe now.

Subscribe to our newsletter
Sign up here to get the latest news, updates delivered directly to your inbox.
You can unsubscribe at any time

Leave A Reply

Your email address will not be published.

Virtual Conference

Leading the future for the connected world

The ability to adapt to new technologies while supporting critical systems requires a smart network infrastructure.
REGISTER NOW
close-link
Know how to deliver a seamless customer experience from cable to cloud.
Register for Free
close-image