SoftBank-backed Unacademy announces teacher stock options worth $40 mn

Softbank-backed edtech start-up Unacademy, has announced Teacher Stock Options (TSOPs), the first educator liquidity event for educators on the platform. Over $40 million stocks will be issued to Unacademy educators over the course of the next few years.

“We are announcing Teacher Stock Options (TSOPs) for all Unacademy educators,” Unacademy co-founder and CEO said in a tweet. “We are who we are because of our Educators and we want our Educators to grow and create wealth as Unacademy grows.”

Unacademy competes with players such as Byju’s, Vedantu, Simplilearn, UpGrad, Amazon Academy, and traditional education institutes. They are jostling  to tap India's $180-billion