Edtech unicorn Unacademy announces ESOP buyback for current, past employees

The size of the buyback pool is likely to be Rs 25-30 crore, based on the number of ESOPs liquidated by employees.

Edtech unicorn Unacademy, which recently raised $150 million from SoftBank and Facebook said it will have an ESOPs (employee stock ownership plan) buyback on December 10, for its current and past employees. This is the second such liquidity event at the company founded five years ago. All vested ESOPs until December 10 will be eligible for the buyback and current and past employees may liquidate between 25 per cent and 100 per cent of vested ESOPs, based on a specified scheme. 

The size of the buyback pool is likely to be Rs 25-30 crore, based on the number of ESOPs