LEAD announces ESOP Liquidation plan for staff

Edtech startup LEAD announced an ESOP liquidation plan of about 3 million for its employees. The platform is aiming at a high growth trajectory following the recent series E fundraiser of $100 million led by WestBridge from GSV Ventures.

The company got the title of a unicorn with this funding at a valuation of $1.1 billion. The company released a statement saying that an ESOP of close to $3 million for its employees.

The current ESOP is a significant opportunity with the valuation of LEAD being doubled in the last nine months on the back of strong growth in operating and financial metrics. The company also includes its alumni in the ESOP liquidation plan as they continue being ambassadors of the company. The co-founder and CEO, Sumeet Mehta has also said that the success of the company would not have been possible without the relentless efforts of the team.