Classplus Initiates ESOP Buyback For Over 150 Employees
Classplus, a B2B edtech startup that helps educators and content creators launch and scale their online coaching businesses, has announced its second Employee Stock Ownership Plan (ESOP) buyback in three years. Over 150 employees, across roles and business verticals, are eligible to liquidate their vested shares by selling them back to the company. Founded in 2018, this is the second buyback announcement by the company in just 6 years since inception.
“This ESOP buyback is a big moment for all of us. We started Classplus with the goal of creating value for everyone involved with us, right from our customers to our team, and investors. It is truly gratifying to see that vision come to fruition”, commented Mukul Rustagi, Co-Founder & CEO, Classplus.
He further added, “It's also a chance for our younger team members to start building wealth early, something we're really proud to offer. The youngest participant in the buyback is just 23, and the average age of the 150+ eligible people is 28. ESOP buybacks can seem infrequent in our industry, but we're happy to show that they're very much a part of Classplus’ plan.”
Founded by Mukul Rustagi and Bhaswat Agarwal in 2018, Classplus is a mobile-first SaaS platform that helps creators turn their skills into profitable online businesses through content monetisation.
