Unacademy to go for ESOP buybacks by December 10

Unacademy will buyback ESOPs worth Rs 25-30 cr. According to the company statement, employees can sell their ESOPs up to Rs 10 lakhs. Unacademy, with this ESOP buyback plan, has become the seventh startup in the ecosystem to go for ESOP buyback after Zerodha, FirstCry, BharatPe, Urban Company, MPL and Meesho in 2020. The buyback will take place on 10th Dec, where employees can participate and sell 25% to 100% of their ESOPs to the company.

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