Tag: board

Educational Startups

Indian Startup News on Instagram: “Edtech company Unacademy has launched a Rs 50 crore employee stock ownership plan (ESOP) buyback programme to provide liquidity to employees. Announcing the development on X, co-founder and Group CEO Gaurav Munjal said the company’s board had approved carving out a cash pool for employees even though the valuation is “significantly lower than our last fundraise”. According to him, eight employees will earn over Rs 1 crore each through the buyback. Seventeen employees will receive more than Rs 50 lakh, and 38 employees to make over Rs 10 lakh from the exercise. Notably, the company will reach out to eligible employees in the coming weeks. #uncademy #edtech #employees #startup #crorepati #indianstartupnews”

Edtech company Unacademy has launched a Rs 50 crore employee stock ownership plan (ESOP) buyback programme to provide liquidity to…

Sports Startups

Indian Startup News on Instagram: “Indian sportswear startup Agilitas Sports has acquired cricketer Virat Kohli’s athleisure and lifestyle brand One8 in a two-part deal, bringing the star athlete on board as an investor and shareholder. Agilitas Sports, founded by former Puma India managing director Abhishek Ganguly, will now fully own and operate One8, which was previously licensed to Puma. The move marks One8’s transition from a partnered brand to an independent label under an Indian company. Ganguly confirmed that Kohli has invested Rs 40 crore in Agilitas Sports, though the company did not disclose the equity stake he will hold. #viratkohli #one8 #puma #sportswear #madeinindia #brand #indianstartupnews”

Indian sportswear startup Agilitas Sports has acquired cricketer Virat Kohli’s athleisure and lifestyle brand One8 in a two-part deal, bringing…