Edtech Company recognized as Best App for Online Teaching, Classplus has publicized an employee stock ownership plan (ESOP) buyback for above 150 employees within the company. To mention, this is the company’s second buyback statement in the last three years.

According the press release by the company, “More than 150 employees, across various roles & business verticals are qualified to clear up their vested shares by selling them back to the company”. And the company did not disclose the transaction details.

Established by Mukul Rustagi and Bhaswat Agarwal in the year 2018, Classplus is a mobile-first SaaS platform that Ed-Tech Company renovating the sphere of tech-education by empowering educationalists with the digital tools & resources that help them to become future-ready. On Classplus, online educators can upload their recorded courses, live webinars, 1-on-1 consultations, books & their own merchandise.

Classplus maintains to hold digitalized creators across more than 3,000 cities catering the academic requirements of more than 50 million students. 

Since its inception, Classplus has upraised around $150 million from the investors including  Tiger Global, AWI, RTP Global, Blume Ventures, Sequoia Capital India’s Surge, Spiral Ventures, Strive, Times Internet and Abu Dhabi-based Chimera Ventures.

The total revenue of Classplus grew 3.3X to 149.2 crore in the financial year 2023 from 45.4 crore in FY22. The company reported a loss of 256 crore in the previous fiscal year.

Read More News :

'Infinity Learn by Sri Chaitanya' creates benchmark in JEE Main 2024

Rapido' s New Offer: Zero fee for Auto Drivers Now