The ₹6.5 Cr ESOP buyback was extended to 20 employees who have joined the startup on or before January 31, 2024
Emversity CHRO Megha Lal mentioned that Emversity currently has over 700 employees operating in 24 states across 60+ locations
The edtech startup raised $30 Mn (INR 271 Cr) in a Series A funding round in January, to deepen its presence in healthcare and hospitality skilling programmes
Edtech startup Emversity has completed its first-ever ESOP (employee stock ownership plan) liquidity event, amounting to ₹6.5 Cr. The buyback will provide partial liquidity to 20 of its employees who joined the startup on or before January 31, 2024, and were integral part of Emversity’s founding and pre-organisational phase.
Important to mention that the ESOP buyback comes within weeks after Emversity raised $30 Mn in a Series A funding round. As per a report by TechCrunch, the round valued Emversity at around $120 Mn post-money, about double from the $60 Mn raised in its April 2025 Pre-Series A round.
As per a post on LinkedIn by CHRO Megha Lal, the startup initiated the buyback shortly after the closure of the round.
“… Post our Series A, we went back to the people who were here from day one and said — we’d like to buy back up to 70% of your vested options at full current valuation. No discount. We debated internally whether buybacks this early make sense… Waiting for a secondary round or an IPO that may be years away to reward these early employees felt like the wrong answer,” her post read.
Lal also mentioned that Emversity currently has over 700 employees operating in 24 states across over 60 locations. The startup intends to undertake future buybacks as well.
Founded in 2023 by former Unacademy COO Vivek Sinha, Emversity trains students to become nurses, therapists, caregivers, OT technicians, lab technicians, paramedics and other allied-health professionals.
Currently, the startup offers its courses at educational institutes across cities like Hyderabad, Jamshedpur, Indore, Pune, Gurugram, among others.
With the fresh capital, the startup is now eyeing to expand its presence in healthcare and hospitality skilling programmes, while also expanding into new sectors. It is also planning to scale its network to 400 campuses over the next two and a half years.
Overall, Emversity has raised $46 Mn in funding since inception from investors like Premji Invest, Lightspeed, Z47, Alteria Capital and InnoVen Capital.
Worthy to mention that ESOP buybacks has emerged as a critical component to attract and retain talent within the Indian startup ecosystem for some time now. In 2025, twelve Indian startups conducted ESOP buybacks in 2025, helping more than 9,200 employees unlock wealth worth over ₹1,409 Cr ($158 Mn).
The momentum has continued this year as well with SaaS unicorn BrowserStack announcing its third share buyback programme of $125 Mn in January. Besides, crypto startup CoinDCX announced its ESOP liquidity event, amounting to ₹111 Cr, last month.
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