Edtech company Unacademy has initiated a Rs 50 crore ESOP buyback programme to offer liquidity to its employees, according to the company’s co-founder, Gaurav Munjal.
Announcing the development on X, Munjal said that eight employees are expected to make over Rs 1 crore each through the buyback, while 17 employees will receive more than Rs 50 lakh, and 38 employees are likely to earn over Rs 10 lakh.
“Grateful to the board for carving out a cash pool for the employees, even though the valuation is significantly lower than our last fundraise,”…

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