Edtech Unicorn upGrad Expands the Size of the ESOP Pool
According to the company's regulatory filings with the Ministry of Corporate Affairs, edtech unicorn upGrad has increased its employee stock option plan (ESOP) pool by 3,00,000 shares (MCA). According to regulatory documents, upGrad has expanded the amount of the ESOP pool from 22,25,810 shares to 25,25,810 shares. The estimated value of upGrad's new options is Rs 244 crore ($30 million), while the estimated value of its employee stock is Rs 2,058 crore ($260 million). The news was first reported by Entrackr, which noted that it was the second time in the previous nine months that th...