Muristek
Edtech start up LEAD on Wednesday announced an ESOP Liquidation Plan of about USD 3 million (about Rs 22.5 crore) for its employees. The move comes at a time when LEAD is aiming for a "high growth trajectory" following the recent series E fundraise of USD 100 million led by WestBridge Capital with participation from GSV Ventures. The company attained the 'unicorn' status with that funding at a valuation of USD 1.1 billion. A startup with a valuation of over USD 1 billion is called 'unicorn'. LEAD, in a statement, announced an ESOP (Employee Stock Option Plan) Liquidation Plan of close to USD 3 million for its employees. The current ESOP liquidation plan is a "significant opportunity," given that LEAD's valuation has doubled in the last nine months on the back of strong growth in operating and financial metrics, the statement said. Its co-founder and CEO, Sumeet Mehta said, Our success would not have been possible without the relentless efforts of our teams. I'm delighted that we
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