SpeakX.ai, an Indian AI-powered English-speaking platform, has unveiled an expanded ESOP programme aimed at rewarding performance, deepening long-term commitment, and enabling early wealth creation for employees. As part of this initiative, the company has completed a $1 million ESOP buyback for 15 employees—one of the earliest liquidity events in the sector—reinforcing its commitment to transparent and broad-based ownership.
The enhanced programme includes performance- and tenure-linked grants, a structured buyback mechanism, and an inclusive ownership model extending across teams rather than being limited to senior leadership. Employees completing two years with SpeakX receive ESOPs with a 10-year validity, offering long-term flexibility to participate in the company’s growth. With this update, the 20-member team now collectively holds six per cent equity, reflecting a rare level of ownership distribution among early-stage startups.
Announcing the initiative, Arpit Mittal, founder, SpeakX.ai, said, “ESOPs are the true wealth-creation lever in an early-stage startup. While salary matters, the real financial upside comes from the equity you build and eventually liquidate. We’ve all seen how IPO-bound startups have changed the lives of their teams. At SpeakX, we want to create a system where value is shared fairly and early, not just at the time of a big funding round.”
Mittal added that the structured buyback cycles will continue and the ESOP pool will grow as the company scales and raises new capital. The strengthened ownership plan comes at a time when EdTech and AI companies are intensifying their efforts to attract high-quality talent.
By enabling early liquidity and linking ownership directly to contribution, SpeakX is positioning itself as an employer of choice for professionals seeking both impact and meaningful wealth creation. The initiative also aligns with SpeakX’s rapid business momentum.
Source – https://www.hrkatha.com/news/speakx-ai-launches-1-mn-esop-buyback-for-employees/