Can Teachers can also become millionaires? Unacademy TSOPS!
Unacademy is giving TSOPs to its educators
Have you heard of TSOPS!
Nope, I am not talking about ESOPS here, but India's biggest Ed-Tech Company "Unacademy" is coming with Teacher Stock Options (TSOPs).
This is also the first time that an ed-tech firm is issuing ESOPs or as Munjal terms ‘Teachers Stock Options’ (TSOPs) to its educators.
The Company's plan is meant to motivate educators and retain quality talent out of them.
Recently, Gaurav Munjal also revealed that Unacademy’s revenue and valuation have grown almost 10 times in the last 18 months, and it now has over 4,000 team members and more than 4,000 educators.
If you most probably know that Unacademy is backed by some of the wells know investment firms which include
Sequoia Capital, General Atlantic, Tiger Global Management, Dragoneer Investment Group, and Facebook.
The bar of ed-tech space is getting more competitive with this move!