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Classplus announces Second ESOP Buyback, HR News, ETHRWorld

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hr.economictimes.indiatimes.com | www.ETHRWorld.com

<p>Classplus is a mobile-first SaaS platform that helps creators turn their skills into profitable online businesses<br /></p>
Classplus is a mobile-first SaaS platform that helps creators turn their skills into profitable online businesses

Classplus, a B2B edtech startup in India, on Wednesday announced its second Employee Stock Ownership Plan (ESOP) buyback in three years.

Over 150 employees, across roles and business verticals, are eligible to liquidate their vested shares by selling them back to the company, according to a statement.

Mukul Rustagi, Co-Founder and CEO, Classplus, said, “This ESOP buyback is a big moment for all of us. We started Classplus with the goal of creating value for everyone involved with us, right from our customers, to our team, and investors. It is truly gratifying to see that vision come to fruition.”

“It’s also a chance for our younger team members to start building wealth early, something we’re really proud to offer. The youngest participant in the buyback is just 23, and the average age of the 150+ eligible people is 28. ESOP buybacks can seem infrequent in our industry, but we’re happy to show that they’re very much a part of Classplus’ plan,” Rustagi added.

Founded by Mukul Rustagi and Bhaswat Agarwal in 2018, Classplus is a mobile-first SaaS platform that helps creators turn their skills into profitable online businesses through content monetization, as per the statement.

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