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Through this move, the company wants to remunerate more of its employees and further incentivise the efforts by creating wealth for the employees as they build Adda247.
![Google-backed Adda247 grants ESOPs worth Rs 150 cr to employees [details] - Vimarsana News](https://data1.ibtimes.co.in/en/full/780001/google-backed-adda247-grants-esops-worth-rs-150-cr-employees.jpg)
Google-backed government job preparation platform Adda247 on Monday said it has granted stock options worth Rs 150 crore under its employee stock ownership plan (ESOP) programme to its workers.
The current acquisition will give Adda247 an edge in the UPSC segment. StudyIQ Education has a subscriber base of over 11 million, and receives close to 100 million views a month.
Adda247 acquires UPSC-focused edtech platform StudyIQ Education for $20 mn
Companies focusing exclusively on government jobs said their revenues had grown around 1-4x in the last year, on the back of both job market uncertainty, as well as increased adoption of online mode of learning due to Covid-19 and lockdowns that forced local tuition centres to shut.