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Unacademy to give $40 Mn in stock options to its teachers

Shortpedia

Content Team
Image Credit: shortpedia

Edtech unicorn Unacademy has announced a first-of-its kind stock options for teachers on its platform. The company’s partner educators would be eligible for teachers stock options (TSOPs) after completion of three, four, and five years with the startup. Similar to employee stock option plans (ESOP), the TSOPs currently cover over 300 educators, according to Gaurav Munjal, founder and CEO of the Unacademy Group.