🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Foodtech giant Zomato allots ESOP worth Rs 2.5 crore

IndianStartupNews

IndianStartupNews · 1y ago

Foodtech giant Zomato allots ESOP worth Rs 2.5 crore

Indian foodtech giant Zomato has allocated Employee Stock Ownership Plan (ESOP) worth INR 2.5 crore (approximately $335,000). The move aims to provide eligible employees with an opportunity to own a stake in the company, incentivizing and rewarding their contributions. ESOPs are commonly used by startups to attract and retain talent by offering employees a share in the company's future growth.

Related News

Zomato grants 40M ESOPs worth nearly Rs 890 Cr

YourStory

YourStory · 1y ago

Zomato grants 40M ESOPs worth nearly Rs 890 Cr

Foodtech giant Zomato has approved the granting of 40 million Employee Stock Options (ESOPs), worth around Rs 892.19 crore, under its 2014 and 2021 plans. The options will be exercisable within ten years of vesting or twelve years from the date of listing, whichever is later. Zomato had previously announced an ESOP expansion plan and an ESOP pool of 18.26 crore shares worth nearly Rs 4,000 crore. The company also confirmed it has no plans to enter the lending and credit business and is focusing on other segments and partnerships.

Zomato Allots 10.88 Cr ESOPs Ahead Of Q3 Earnings

Inc42 · 1y ago

Zomato Allots 10.88 Cr ESOPs Ahead Of Q3 Earnings

Foodtech major Zomato has allocated 10.88 crore equity shares under its Employee Stock Option Plans (ESOPs) ahead of its Q3 FY24 earnings. The company's ESOP 2021 received the highest allotment of over 9 crore shares, while ESOP 2018 saw an allotment of 1.67 crore shares. This allotment will increase the company's issued, subscribed, and paid-up share capital to around INR 882 crore from INR 871.1 crore previously. Zomato's stock saw a 4% jump during intraday trading following this news.

Zomato allots 47.75 crore shares under multiple ESOP schemes

YourStory

YourStory · 7m ago

Zomato allots 47.75 crore shares under multiple ESOP schemes

Zomato has approved the allotment of 47.75 crore equity shares under various ESOP schemes to Foodie Bay Employees ESOP Trust. This will increase the company's share capital. Last week, Zomato raised Rs 8,500 crore through the issuance and allotment of 33.64 crore equity shares. The qualified institutional placement was led by domestic mutual funds, with Motilal Oswal, ICICI Mutual Fund, HDFC mutual fund, and Kotak being the major participants. The fundraise aims to strengthen Zomato's balance sheet after acquiring Paytm's ticketing business. Additionally, Zomato has reduced its stake in Byondnxt Smart Home to 6% from 8%.

Nykaa allots shares worth Rs 10.33 Cr

YourStory

YourStory · 23d ago

Nykaa allots shares worth Rs 10.33 Cr

FSN E-Commerce Ventures, Nykaa's parent company, allotted 5.23 lakh equity shares worth Rs 10.33 crore under its Employee Stock Option Scheme (ESOP). Based on Nykaa’s Rs 197.3 opening share price on the NSE, these shares will rank equally with existing ones. This initiative aligns with Nykaa's strategy of using stock options to reward and retain talent, marking several ESOP allotments throughout the year to foster long-term growth and employee engagement.

Zomato Allots 38.72 Lakh Equity Shares Under ESOP Plans

Inc42 · 10m ago

Zomato Allots 38.72 Lakh Equity Shares Under ESOP Plans

Zomato's board has approved the allotment of 38.72 lakh fully paid-up equity shares with a face value of INR 1 each. These shares were allotted upon exercise of 15.48 lakh vested options. The allotment includes shares under Zomato ESOP 2018, ESOP 2022, and ESOP 2021. As a result, the subscribed and paid-up equity share capital of Zomato has increased to INR 883.43 crore.

Zomato to add fresh ESOPs worth $455 Mn

Entrackr

Entrackr · 1y ago

Zomato to add fresh ESOPs worth $455 Mn

Foodtech and quick commerce platform Zomato on Monday announced fresh employee stock option (ESOP) options for its employees under the new plan: ESOP 2024. The board at Zomato has agreed to adopt and implement Zomato’s Employee Stock Option Plan 2024 with fresh 18,26,27,402 stock options for the company, subsidiaries, and associate entities. The resolution is subject to the approval of the shareholders of the company. Every ESOP option will be converted into equity shares, said filings, and as per Fintrackr’s estimates, the newly added ESOP options are worth around Rs 3,780 crore (approximately $455 million). The above calculation is based on Zomato’s peak share price of Rs 207 (as of 3PM, May 13 2024). The objective of expanding the ESOP pool is “to promote the employee ownership and as well as to attract, retain, motivate and incentivize critical talents in the line with corporate growth,” The Gurugram-based company showed robust growth which could be evident from its growth in FY24. Zomato’s revenue from operations surged 71% year-on-year to Rs 12,114 crore in FY24 from Rs 7,079 crore in FY22. Moreover, the profits of the company stood at Rs 351 crore in FY24 as compared to a loss of Rs 971 crore in FY23. Meanwhile, its direct competitor, Swiggy booked Rs 5,476 crore in revenue from operations and Rs 1,600 crore loss during the first three quarters of the financial year FY24. Its revenue and losses stood at Rs 8,265 crore and Rs 4,179 crore, respectively, in FY23.

Mamaearth parent Honasa Consumer grants ESOPs worth Rs 57 Cr

YourStory

YourStory · 3m ago

Mamaearth parent Honasa Consumer grants ESOPs worth Rs 57 Cr

Honasa Consumer, the parent of Mamaearth, granted 24.16 lakh stock options worth Rs 57 crore under its ESOP-2018. The options vest over five years based on tenure and performance. In Q3 FY25, Honasa's revenue grew 5.9% YoY to Rs 517.5 crore, while net profit remained flat at Rs 26 crore. Separately, Zomato (now Eternal) and Delhivery also made significant ESOP grants, signifying a trend in rewarding employees amidst operational growth.

Zomato receives shareholders' nod for new ESOP plan worth $458 Mn

Entrackr

Entrackr · 1y ago

Zomato receives shareholders' nod for new ESOP plan worth $458 Mn

Food tech major Zomato has introduced a new ESOP plan worth $458 million for its employees. The board at Zomato has got the shareholder nod to grant 18,26,27,402 ESOP options under its new plan, bringing the total ESOP pool to 31,07,80,714 options, its regulatory filing accessed through the National Stock Exchange shows. As per Fintrackr’s estimates, the newly added ESOPs are worth Rs 3,800 crore or $458 million while the value of the total ESOP pool stands at Rs 6,609 crore or $796 million. Following the ESOP approval, Zomato also touched its all-time high share price of Rs 209.84 today. With this, the total market cap of the company has increased to Rs 1,84,060 crore or $22.17 billion. According to a separate disclosure, Zomtao has voluntarily withdrawn the application with the Reserve Bank of India for a certificate of registration for undertaking the business of an NBFC as the company does not intend to pursue the lending/ credit business anymore. Earlier this week, Zomato company received a GST demand notice of Rs 9.5 crore. This is the second GST notice for the Gurugram-based firm, following a penalty notice of Rs 184 crore in April this year. The company has shown robust growth in FY24. Zomato’s revenue from operations surged 71% year-on-year to Rs 12,114 crore in FY24 from Rs 7,079 crore in FY22. Moreover, the profits of the company stood at Rs 351 crore in FY24 as compared to a loss of Rs 971 crore in FY23.

Swiggy allots shares worth Rs 30 Cr under ESOP scheme

YourStory

YourStory · 4m ago

Swiggy allots shares worth Rs 30 Cr under ESOP scheme

Swiggy announced the allotment of 8.64 lakh equity shares under the Swiggy ESOP Plan 2021, totaling over Rs 30 crore based on the stock's NSE closing price of Rs 355. This follows a recent allotment of 1.71 crore shares under its ESOP 2015 and ESOP 2021 programs. Including a previous allotment in January, Swiggy has issued 5 crore shares this year. This move aligns with similar strategies by companies like Nykaa and Paytm.

SoftBank offloads 1.06% stake in Zomato for INR 1,127 Cr

Inc42 · 1y ago

SoftBank offloads 1.06% stake in Zomato for INR 1,127 Cr

Japanese tech investor SoftBank has sold 9.35 crore shares of foodtech giant Zomato in a block deal worth INR 1,127 crore. The shares were sold by SVF Growth (Singapore) at INR 120.5 per share, with buyers including Invesco, ICICI Prudential Insurance, Goldman Sachs, and Morgan Stanley. This latest stake sale suggests that SoftBank has likely completely exited Zomato, following a previous stake sale in October. The move aligns with the trend of international investors divesting from Indian tech companies. Zomato recently reported its second consecutive profitable quarter.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Meta acquires voice startup Play ...

Perplexity’s CEO on why the brows ...

Exclusive: Porter turns profitabl ...

Download the medial app to read full posts, comements and news.