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Unacademy Expands ESOPs Pool Valued Nearly $42 Mn

Sources said Unacademy ESOPs’ pool now stands at nearly Rs 312.4 crore. Along with this, the company raised the stock options worth Rs 71 crore to its ESOP pool.

Sitting back at home people are developing and investing their time in learning & Development during the lockdown nationwide. Unacademy an online learning platform, has observed April 2020 as the highest video watching month in its five-year-old stint.  CEO Gaurav Munjal has appreciated and praise their employees publically on social media site Twitter.
 
According to the latest regulatory filings, the company passed a resolution to amend its existing ESOP policy to increase its existing pool from 41,026 options to 53,044 options. Unacademy has recognized and rewarded employees’ work by topping up 12,018 options to its existing employee options.

Sources said Unacademy ESOPs’ pool now stands at nearly Rs 312.4 crore. Along with this, the company raised the stock options worth Rs 71 crore to its ESOP pool.
 
 Within the stint of 6 months; this has recorded as the second time where the company added to the ESOP pool. In January, the firm added 4,836 new shares to the then existing scheme and executed a “phantom stock” agreement with its co-founders Munjal, Roman Saini, and Himesh Singh.

Unacademy had recorded 165 million video views on YouTube in April while the total watch time of those videos stands at a staggering 1.4 billion minutes across YouTube, special classes, free as well as subscriptions.

It is remarkable that the Bengaluru-based firm had bought 30% of the vested stocks from its employees during July last year.


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Unacademy ESOPs Pool lockdown investment

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