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UNACADEMY ESOP
Delhivery grants 1 lakh stock options to employeesDelhivery has granted over 1 lakh stock options to employees under its ESOP 2012, effective May 1. The options, exercisable at Re 1, will v...
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...
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...
Zerodha to end zero-brokerage model; Unacademy lays off 250 employeesOnline stock broker Zerodha will likely discontinue its zero-brokerage structure due to new Sebi rules. More on this in today’s ETtech Top ...
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...
Classplus completes ESOP buyback worth $1 millionClassplus will use the proceeds of the ESOP buyback to pay referral bonus to employees—an industry first, according to the company. Over 30...
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...
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 undertakes Esop liquidity worth about $7-9 millionFamily offices of leading industrial houses in India and a few HNIs are buying out these shares.
Unacademy plans to launch Rs 30 crore-ESOP buyback offerThe edutech space has seen strong growth globally with the COVID-19 pandemic serving as an inflection point, with rapid growth seen in the ...