{"id":5562,"date":"2021-11-26T18:56:00","date_gmt":"2021-11-26T13:26:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-vedantu-esops\/"},"modified":"2021-11-26T18:56:00","modified_gmt":"2021-11-26T13:26:00","slug":"biz-vedantu-esops","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-vedantu-esops\/","title":{"rendered":"Vedantu announces buyback of ESOPs worth USD 3 million"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2685144860\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Nov 26 (PTI) Online learning platform Vedantu on Friday announced an Employee Stock Ownership Plan (ESOP) liquidity programme worth USD 3 million (about Rs 22.4 crore).<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3981155378\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>    \tUnder this programme, the top leadership and eligible active employees who have completed the vesting period will be able to liquidate their vested ESOP shares, according to a statement.<\/p>\n<p>    \tThe founders will not participate in the buyback.<\/p>\n<p> &#8220;We have seen enormous growth over the last few years, and we take immense pride in the impact we are creating in the lives of our students. As Vedantu grows, we want our employees to grow with us as well as they are equal contributors towards this growth,&#8221; Vendatu CEO and co-founder Vamsi Krishna said.<\/p><div class=\"trade-content_5\" id=\"trade-4228096864\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>He added that by growing the technology, engineering and product teams across all functions, ESOPs provide employees with high ownership, while providing more opportunities for financial growth.<\/p>\n<p> &#8220;We want to enable long-term wealth creation for our employees and recognise their contribution and commitment. This is the first ESOP programme to facilitate value creation for Vedans and we will continue to take more such initiatives in the future,\u201d he said.<\/p>\n<p> Currently, Vedantu has an over 7,000-member team with employees.<\/p>\n<p> In September, Vedantu had announced a USD 100 million series E round, led by Singapore-based impact investing fund ABC World Asia. The round also saw strong participation from existing investors \u2013 Coatue, Tiger Global, GGV Capital, Westbridge among others. With this round of funding, Vedantu&#8217;s valuation was at USD 1 billion.<\/p>\n<p> Vedantu offers tutoring courses for students aged 3 to 18 years old, as well as preparation for competitive exams like IIT-JEE, NEET, Commerce, CBSE, ICSE, and state exams.<\/p>\n<p> Through its newest offering and fastest-growing vertical, SuperKids, it offers extracurricular classes like English Speaking, Reading, and Coding.<\/p><div class=\"trade-content-10\" id=\"trade-202406410\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Last year, Vedantu catered to over 2 lakh paying students, a 400 per cent growth over the previous year. This growth was accompanied by a 4.5x increase in revenue over the previous year. PTI SR  SR RUJ RUJ<\/p>\n<div class=\"trade-after-content\" id=\"trade-36737893\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Nov 26 (PTI) Online learning platform Vedantu on Friday announced an Employee Stock Ownership Plan (ESOP) liquidity programme worth USD 3 million (about Rs 22.4 crore). Under this programme, the top leadership and eligible active employees who have completed the vesting period will be able to liquidate their vested ESOP shares, according to [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696],"tags":[],"class_list":["post-5562","post","type-post","status-publish","format-standard","hentry","category-corporate-action"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vedantu announces buyback of ESOPs worth USD 3 million - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-vedantu-esops\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vedantu announces buyback of ESOPs worth USD 3 million\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Nov 26 (PTI) Online learning platform Vedantu on Friday announced an Employee Stock Ownership Plan (ESOP) liquidity programme worth USD 3 million (about Rs 22.4 crore). 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