Edtech firm Lead announces $3 million Esop liquidation programme for its staff

Bengaluru: Edtech unicorn Lead School announced a $3 million Esop ( employee stock options plan) liquidation programme for its employees which comes on the back of it recent funding round which catapulted it into the unicorn club of companies valued at $1 billion or more.

Also read: Lead School becomes third unicorn of 2022 after $100 million funding

The Mumbai-based firm has distributed Esops to 20% of its employees. It has in the past awarded performance Esops to reward employees for performance.


Sumeet Mehta, cofounder & CEO, Lead, said in a statement, “ I'm delighted that we are in a position to offer significant wealth creation opportunities to those who have joined us on our mission. We have also included our alumni in the liquidation plan because they continue to remain ambassadors of Lead.”
The edtech firm provides tech-enabled solutions to schools with a focus on digital learning through an online or hybrid model (of physical and digital) of classrooms. It had raised $30 million in April last year. Lead School ties up with schools instead of going direct to children.

Lead School is the third startup to enter India’s unicorn club in 2022, after direct-to-consumer brand Mamaearth and Fractal, an artificial intelligence firm. It is also the sixth Indian edtech company to reach unicorn status.