Adda247, a leading multilingual learning platform, has announced its first Employee Stock Ownership Plan (ESOP) buyback, benefiting over 130 employees. This initiative is part of the company’s strategy as it prepares for an Initial Public Offering (IPO) in 2026. The buyback price is set at an impressive 40 times the initial purchase price, reflecting the company’s growth and commitment to its employees. This move underscores Adda247’s dedication to fostering a culture of shared success and rewarding its workforce for their contributions.
Empowering Employees Through ESOP Buyback
Adda247’s ESOP buyback is a significant milestone in the company’s journey. By offering this buyback, the company aims to empower its employees and recognize their hard work and dedication. The buyback price, averaging 40 times the initial purchase price, is a testament to the company’s growth and success. This initiative not only rewards employees but also aligns their interests with the company’s long-term goals.
The ESOP buyback covers employees across various roles and functions, demonstrating the company’s inclusive approach. From senior executives to junior staff, all eligible employees stand to benefit from this program. This move is expected to boost employee morale and foster a sense of ownership and loyalty towards the company.
Anil Nagar, Founder and CEO of Adda247, emphasized the importance of this initiative, stating, “Our employees are the strength of Adda247, and this initiative demonstrates our appreciation for their dedication and hard work. It’s a testament to our commitment to empowering our employees and fostering a culture of shared success.”
Strategic Move Towards IPO
The ESOP buyback is a strategic move as Adda247 gears up for its planned IPO in 2026. By offering this buyback, the company aims to strengthen its financial position and enhance its attractiveness to potential investors. The buyback price, set at 40 times the initial purchase price, reflects the company’s robust financial health and growth prospects.
This initiative is part of Adda247’s broader strategy to prepare for the IPO. The company has been making significant strides in expanding its market presence and enhancing its product offerings. With a strong focus on innovation and customer satisfaction, Adda247 is well-positioned to capitalize on the growing demand for online learning solutions.
The buyback also serves as a signal to the market about the company’s confidence in its future prospects. By rewarding its employees and aligning their interests with the company’s goals, Adda247 aims to create a motivated and committed workforce that will drive its growth in the coming years.
Expanding Market Presence and Product Offerings
Adda247 has been on a growth trajectory, expanding its market presence and product offerings. The company serves over 40 million monthly users and has 2 million students enrolled in its premium courses. With courses available in 12 Indian languages, Adda247 caters to a diverse audience across Bharat, tier-3 & 4 cities, and rural India.
The company has also expanded into the Skilling, Up-Skilling, and Higher Education sectors, providing employment-based skilling and learning opportunities. This expansion is part of Adda247’s mission to make education affordable and accessible to over 500 million learners across India.
In addition to its core offerings, Adda247 has made strategic acquisitions to strengthen its market position. The acquisition of Ekagrata Eduserv Pvt. Ltd., a leading player in the Chartered Accountancy (CA) test preparation market, marks the company’s entry into the ₹800 crore CA test prep market. This acquisition aligns with Adda247’s strategy to diversify its product portfolio and cater to a broader audience.
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