Unacademy to Launch ₹50 Crore Employee Stock Ownership Plan Buyback Following Period of Turmoil

Unacademy Initiates ₹50 Crore Employee Stock Ownership Plan (Esop) Buyback

Unacademy, a leading edtech firm, has announced a ₹50 crore employee stock ownership plan (Esop) buyback program. This move is aimed at providing liquidity to employees at a time when the company's valuation has declined significantly below its 2021 peak.

The buyback program is a strategic move by Unacademy to support its employees during a challenging period. The edtech sector has faced significant headwinds in recent times, leading to a decline in valuations. By offering liquidity through the Esop buyback, Unacademy is demonstrating its commitment to its employees and the company's long-term prospects.

The ₹50 crore buyback program will provide a much-needed boost to Unacademy's employees, who have been holding onto their Esop shares in anticipation of the company's future growth. This move is expected to have a positive impact on employee morale and retention, as it provides a sense of security and stability during uncertain times.

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