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ESOP VALUATION UNACADEMY
UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...
Peak XV alum’s fund; Snabbit, Scapia funding; Upgrad-Unacademy dealHappy Monday! Former Peak XV Partners executives have launched a new early-stage venture fund. This and more in today’s ETtech Morning Disp...
Ronnie Screwvala’s Upgrad to acquire Unacademy in all-stock dealHigher learning firm Upgrad will acquire Unacademy in an all-stock deal, according to the SoftBank-backed test prep company's founder Gaura...
Unacademy rolls out Rs 50 crore Esop buyback; employees to receive big payoutsUnacademy has initiated a Rs 50 crore Esop buyback, founder Gaurav Munjal said, creating a cash pool for employees despite a lower valuatio...
After failed acquisition talks with Upgrad, Unacademy pivots back to online test prepIn an internal email to employees, cofounder and CEO Gaurav Munjal said Unacademy sharply reduced cash burn in its test prep business in ca...
Snowflake CEO on AI, search & more; Razorpay joins IPO queueHappy Friday! Snowflake CEO Sridhar Ramaswamy spoke with ET about the impending overhaul of online search due to AI. This and more in today...
UpGrad pulls out of talks to acquire Unacademy over valuation differencesThe discussions stalled due to differing valuation expectations between the two sides. “The deal talks were officially called off today. Th...
Unacademy rolls back Esop changes for former employeesPer the reinstated policy, former employees now have up to 10 years to purchase the stock options earned during their tenure. The test prep...
UPI blocks other payment modes; Unacademy's Esop troubleHappy Monday! Beyond the fast-growing UPI, other payment methods in India see stagnation. This and more in today's ETtech Morning Dispatch.
Unacademy cuts Esop exercise window for former employees to 30 daysEarlier, departing employees had up to 10 years to exercise the stock options they earned during their tenure. However, the Bengaluru-based...
Eruditus FY22 revenue up 87%; loss excluding exceptional items at $66 millionIn the financial year ending FY21, Eruditus had reported a cash loss of $31 million, filings reviewed by ET showed. The Mumbai-based edtech...
Meesho undertakes third ESOP buyback worth $5.5 millionMeesho, a social commerce platform that’s looking to take on Amazon and Flipkart in India’s ecommerce space, has repurchased ESOPs worth $6...
Unacademy announces its biggest ESOP buyback worth $10.5 millionEdtech startup Unacademy has announced its biggest ESOPs buyback, its third so far, barely a month after it rolled out an industry-first te...
Unacademy allocates $20 million to group firm Relevel"The fundraise comes within four months of the launch of Relevel, on the back of strong traction witnessed in user growth, hiring company p...
Unacademy to issue $40 million in stock options to teachers over next few yearsTypically, stock options or ESOPs are reserved for a company's permanent staff and is used as a tool to attract talent for fledgling startu...
Startups have an Esops fable to tellAs valuations zoom and buybacks rise, more employees opt for stock options
Whatfix unveils its first-ever Esop buyback schemeAll current and former employees will have the option to liquidate up to 35% of their vested Esops under the buyback.
Zetwerk buys back shares worth $8.3 million from employees, early investorsZetwerk said it has seen strong growth in its business in the last two years, and has grown its employee base from 250 to 400 in the last 1...
PharmEasy is buying back Esops worth $3 millionIndia’s startup ecosystem has seen a slew of Esop buybacks, from companies like Swiggy, Meesho, Unacademy, and Zerodha
Swiggy and Meesho offer their staff new Esops buyback optionSeveral companies including Flipkart, Urban Company, Unacademy, Moglix, Oyo, and Razorpay have gone in for stock buybacks in the recent pas...