Skip to main content

Byju’s Will Give Rs 3000 Crore To All Employees Via 1.7 Lakh ESOP Shares; Biggest In India?

 


During these gloomy times of pandemic, some of the businesses could make a mark this year and one of them is Byju’s.

This is the only consumer internet company along with Flipkart who could raise over $1 billion along this year.

3,000 Crore ESOPs

With this gain, the company’s valuation raised to $11.1 billion in September as compared to $8 billion in January. 

Now the company plans to add a couple of hundred million dollars to its existing ESOP pool in reward of the outstanding performance.

In the same regards, the board of directors of Byju’s have passed a special resolution to approve the reservation and allocation of a pool of 71,698 equity shares.

Further, this allocation will be assigned towards additional management subscription rights and ESOPs. 

It is noteworthy here that the newly allocated pool will be added to the existing pool reserved under “Think and Learn Pvt Ltd ESOP 2019.”

With this new addition, Byju’s becomes the part of some of the large-scale consumer internet startups in the country having a wide ESOP pool at Rs 3,000 crore mark. 

If we talk about the other startups, Paytm is valued at $16 billion with an ESOP pool exceeding Rs 3,000 crore. 

The food ordering and delivery service provider, Swiggy has expanded its ESOP pool to Rs 1,589 crore.

The other player Oyo with the recent addition of over Rs 1,050 crore worth stocks has crossed Rs 4,300 crore mark. 

Further, the company was valued around $3.6 billion, as per the valuation report (based on discounted cash flow method or DCF) filed by Byju’s on July 31. 

During the Series F round, many investors such as Silver Lake, BOND Capital, General Atlantic and Tiger Global paid up to 174% or 2.7X premium on the acquisition of each share. 

Which basically demonstrates the company’s great confidence in the future potential of the edtech conglomerate. 

Recently, Byju’s had acquired WhiteHat Jr in an all-cash deal worth $300 million.

Currently, they are in an advanced stage of take over in doubt clearing app DoubtNut in about $125 million and hinted to acquire more startups in the space. 


Sandip Ginodia , CEO

ALTIUS INVESTECH PVT LTD

We deal in over 60 unlisted companies with 15 years of experience 

For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

Email : ginodiasandip1@gmail.com

Labels:

Comments

Post a Comment

Please leave your name and email id along with the comment .
Get the updates from this blog direct to your inbox . Fill in your email id on the home page.

Popular posts from this blog

Reliance's JioMart is averaging half a million orders per day; WhatsApp driving growth

  JioMart , Reliance's online-to-offline commerce  platform that launched in May , has scaled up rapidly, riding on the pandemic-fuelled digital acceleration. The service, which went   live in 200 cities across India, is currently processing an average of  500,000 orders per day. " We can go even higher on peak days",  Jio Platforms CEO   Kiran Thomas  revealed at the Facebook for Fuel India 2020 event. He said, "JioMart is empowering millions of  kiranas  and small merchants through the simple and secure platform of WhatsApp, and linking them to Reliance Retail's pan-India supply chain. We expect to grow manifold in future, and are optimistic about enabling new cohorts of users and making it easier for them to shop for daily essentials."  "Customers are transacting seamlessly on JioMart and the  conversational nature of the service  enabled by WhatsApp has made people adapt to it intuitively," he added. Reliance also stated th...
Post a Comment
Read more

Zomato, Swiggy score 1/10 on working conditions for their workers – ET Retail

Some of India's biggest startups have ranked near the bottom when it comes to  working conditions  for their gig  workers , according to a report released Wednesday. While  Swiggy ,  Zomato  and Uber India scored 1/10, Urban Company and Flipkart’s logistics arm EKart scored the highest 8/10 and 7/10, respectively, ‘ Fairwork India Ratings  2020: Labour Standards in the Platform Economy’  showed . The report assessed the companies on five principles: fair play, fair conditions, fair contracts, fair management, and fair representation. Deepinder Goyal, chief executive officer of Zomato Media Pvt. Ltd., acknowledged the ratings on Twitter. “Zomato ranked at the bottom of 2020 Fairwork India scores. We knew we had things to work on, but we didn’t know that there is so much room for improvement.” The company takes full responsibility and “will leave no stone unturned to perform better in the rankings next year,” he added. Zomato received a 4/10 in ...
Post a Comment
Read more

Times Internet posts 24% revenue jump to Rs 1,625 Cr in FY20

  Times Internet has posted a 24% jump in its annual revenue in the financial year ending March, recording Rs 1,625 crore in revenue in FY20. In its annual report, the company  said the revenue growth has been adjusted for seasonality of cricket events. In FY19, it had posted revenues of $196 million. The company has registered a surge across its revenue streams i.e. advertising revenue, subscribers, transaction revenue and gross merchandise value (GMV) in the last fiscal year. While advertising revenue grew 22% with faster growth in music and video, overall subscribers to Times Prime grew 62%.  Times Internet’s annualized GMV in transacting businesses grew 68% with a 75% jump in net revenues, said the company in its annual report. Its subscription and transactional businesses include Times Prime, Gaana Plus, TOI+, ET Prime, and Gourmet Passport.  Times Prime also crossed 2 million subscribers last year. “We broadened our media strategy beyond news, and we focused on...
Post a Comment
Read more