BasicFirst's gesture for teachers

Hyderabad TO honour the efforts of the teachers, BasicFirst, a Jharkhand Innovation Lab-selected edtech company has announced Teacher Stock Options (TSOPs) for its teachers and educators to commemorate Teachers' Day and recognise their contribution in building a better society.

Over 150 teachers who are associated full-time as well as part-time with the platform will be eligible for ESOP (Employee Stock Options), and it will be subject to the teacher's tenure with the company.

"Teachers' Day gives us the opportunity to honour the teaching profession in the country. Teachers have shown outstanding leadership and ingenuity in ensuring that learning never stops and that no student falls behind in this crisis, Randhir Kumar, Founder, CEO, BasicFirst Learning, said.

"We intend to thank and reward them through our Teachers Stock Options (TSOPs) by motivating them as well as contributing to the success of BasicFirst through this programme. With this, we want to share our achievement with teachers, which will further foster their and their family's belongingness to our institution and instil a sense of shared ownership," Randhir Kumar added.

The edtech startup provides specialised courses for JEE, AIIMS, NTSE, NEET, and Olympiads, as well as courses for students in classes 6th to 12th. It delivers customised interactive educational content that is curated by instructors or teachers based on their interaction with students. The online learning platform integrated with AI and ML accelerates student learning and enhances the overall experience.

It has also seen considerable month-on-month growth of 100 per cent with a 52 per cent CAGR in the last nine months due to a strong demand arising from Tier II cities and other locations.

The company recently announced the appointment of its CTO in the US as well as the company's strategy for recruiting over 1,000 people across marketing, sales, and technical profiles.