LEAD announces a $3 million ESOP liquidation plan
- ByStartupStory | February 17, 2022
LEAD has launched an ESOP Liquidation plan worth close to $3 million for its employees, after becoming India’s first Edtech Unicorn this year. With over 20% of its employees owning ESOPs, the Edtech firm takes a more broad-based approach to ESOPs.
Given that LEAD’s valuation has quadrupled in the previous nine months on the strength of good growth in its operating and financial indicators, the present ESOP liquidation plan is a huge opportunity.
The firm just completed a $100 million Series E funding round headed by WestBridge Capital, with participation from GSV Ventures. With this money, the LEAD was able to achieve unicorn status, with a valuation of $1.1 billion.
LEAD has carved itself a position in the EdTech sector by redefining core schooling in India with its full-stack School EdTech solutions throughout the years.
It has made world level education available and affordable to pupils, particularly in non-metropolitan areas. By 2026, the business hopes to have changed the lives of 25 million kids in 60,000 schools through School EdTech.
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