StockGro, an experiential learning platform for trading and investments, has announced that it has successfully executed two Employee Stock Option Plan (ESOP) buyouts between 2023 and 2024.
StockGro claimed that ESOPs were not tied to fundraising or exit events, but were to offer liquidity to employees against their vested shares thereby creating real wealth.
In both instances, the buyout offer was extended to all eligible employees, allowing them to monetize their ESOPs. As per the company, less than 60% of eligible employees opted to tender their shares, with the remaining majority choosing to retain their ESOPs for long-term wealth creation.
With a small team of 70 people and less than 60% of eligible members opting for buyout, over $2 million was distributed to the team members creating significant wealth for the committed employees.
In the latest ESOP buyout, 100% of the vested shares of the eligible and opting-in employees were bought out.
Ajay Lakhotia, Founder & CEO, StockGro said, “The growth of StockGro is a direct result of our team’s passion and hard work. The mammoth effort taken by the management to facilitate these buyouts is our way of applauding the team’s passion and commitment to building StockGro.”
Founded in 2020 by Ajay Lakhotia, StockGro has a user base of over 35 million registered users and 20 million monthly active users (MAUs).
Meanwhile, StockGro is preparing for its international expansion with a soft launch in the UAE in January, 2025. Since its inception in 2020, StockGro has successfully raised more than $60 million across eight funding rounds, supported by prominent investors such as BITKRAFT Ventures, General Catalyst, and SBI Investment (a SoftBank spinoff), among others.
