Adda247, a multilingual learning platform supported by Google, Westbridge, Info Edge, and Asha Impact, has announced its first-ever Employee Stock Ownership Plan (ESOP) buyback. This initiative benefits over 130 employees across various roles and functions.
The ESOP buyback is part of Adda247’s strategic plan to go public by 2026. The buyback price is averaging 40 times the initial purchase price, reflecting the company’s growth and success.
“This ESOP buyback represents a pivotal moment in Adda247’s evolution. It’s a testament to our unwavering commitment to empowering our employees and fostering a culture of shared success. Our employees are the strength of Adda247, and this initiative demonstrates our appreciation for their dedication and hard work and the wealth they can create,” stated Anil Nagar, Founder and CEO of Adda247.
The ESOP buyback underscores Adda247’s dedication to rewarding its employees and highlights the significant value created by their contributions.
