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Zomato grants 40M ESOPs worth nearly Rs 890 Cr
YourStory
·
1y ago
Medial
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.
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Mamaearth parent Honasa Consumer grants ESOPs worth Rs 57 Cr
YourStory
·
3m ago
Medial
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.
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Ixigo grants over 2 lakh ESOPs worth Rs 3.78 Cr
Entrackr
·
12d ago
Medial
Ixigo grants over 2 lakh ESOPs worth Rs 3.78 Cr Le Travenues Technology Limited, the parent company of travel tech platform Ixigo, has granted 211,912 stock options under its ESOP schemes of ESOS 2013, 2020, 2021, and 2024. The options have been issued at an exercise price of Rs 93 per share and will vest over four years in equal annual tranches. At the current market price of Rs 178.6 per share, the total value of the grant stands at approximately Rs 3.78 crore, implying a per-option value gain of Rs 85.6 for eligible employees. Ixigo reported a 72% growth in scale in the last quarter of FY25, reporting a revenue of Rs 284 crore in Q4 FY25. Meanwhile, its year-on-year (YoY) profits increased by 2.4X to Rs 17 crore during the same period. Recently, Elevation Capital also offloaded 75.48 lakh shares of Ixigo at an average price of Rs 179.25 apiece. At the same time, global investor Schroder Fund made its entry into Ixigo by acquiring 53.68 lakh shares worth Rs 96.8 crore. At the close of trading on Wednesday (July 16), Ixigo’s shares were priced at Rs 179.8, giving the company a market capitalization of Rs 7,017 crore (approximately $820 million).
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Urban Company announces ESOP secondary sale worth Rs 203 Cr for 446 employees
Entrackr
·
1y ago
Medial
Home service marketplace Urban Company has announced its largest employee stock secondary sale worth Rs 203 crore (nearly $25 million). This is the fifth ESOPs buyback wherein 446 employees have participated, according to the company’s press statement. As per Urban Company, beneficiary employees are between 23 and 56 years old, with 28% of beneficiaries being women. This sale will give the company’s employees an opportunity to liquidate their vested stocks. Dharana Capital (an offshoot of existing investor Vy Capital), along with existing investors Vy Capital and Prosus will be purchasing these shares from former and current staff. To date, Urban Company has granted ESOPs to 1,593 employees and around 784 of them participated in five buybacks, liquidating ESOPs worth Rs 306 crore ($37 million). The Abhiraj Bhal Singh-led company did its last ESOP liquidity program in December 2021 at a valuation of $2.8 billion. The company did not disclose the valuation of the latest buyback. However, Entrackr’s sources outline that the fresh buyback is happening at a valuation of around $2.2 billion to $2.5 billion. Just ahead of the fourth buyback, Urban Company achieved unicorn status in June 2021. It hasn’t raised any external capital since then. According to the startup data intelligence platform TheKredible, Urban Company posted a revenue of Rs 637 crore in FY23 and managed to reduce its losses by 40.1% during the fiscal year. The buyback of ESOPs came a month after it turned profitable at PBT (profit before tax) level. On a consolidated basis in April, the company posted PBT of Rs 7 crore. Entrackr had exclusively reported the development earlier this month. The company also expects its operations in UAE to become profitable in the coming months. As per sources, Urban Company is preparing for a public listing which is likely to happen in the second half of next year (2025).
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Motilal Oswal mutual fund offloads 4.5 Cr shares of Zomato in INR 621 Cr block deal
Inc42
·
1y ago
Medial
Motilal Oswal Mutual Fund has sold 4.5 crore shares of Zomato in a block deal worth INR 621.6 crore. The shares were purchased by BNP Paribas, Citigroup, Goldman Sachs, Morgan Stanley, and Societe Generale. Zomato's shares fell nearly 3% during early trading but ended the session 4.44% lower on the BSE. This comes after HSBC, Goldman Sachs, and Jefferies raised their price targets for Zomato due to expectations of strong growth in its food delivery and quick commerce verticals. Zomato reported profitable quarters in Q1 and Q2 of FY24.
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Swiggy grants Rs 150 crore worth of stock options to employees
IndianStartupNews
·
16d ago
Medial
Swiggy has granted approximately Rs 150 crore worth of employee stock options (ESOPs) under the "Swiggy Employees Stock Option Plan 2024," as approved by its Nomination and Remuneration Committee. These 3,886,049 stock options, each convertible into one equity share, are available to eligible employees in compliance with SEBI regulations. This follows a previous Rs 443 crore grant, totaling nearly Rs 600 crore in employee stock incentives for the year, amid Swiggy's diversification efforts and financial growth.
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Stashfin grants ESOPs of up to Rs 5 L to employees
YourStory
·
6m ago
Medial
Stashfin, a financial services platform, has granted ESOPs to its employees from a Rs 600 crore pool. Employees with five years of service receive Rs 5 lakh worth of ESOPs, while those with three years receive Rs 3 lakh. This initiative aims to reward and retain talent. ESOPs can unlock through events like IPOs or acquisitions. Founded in 2016, Stashfin has raised over Rs 6000 crore from investors like Tencent. The move aligns with a trend among Indian startups.
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Ant Group nets 4X return on investment in Zomato after latest part stake sale
Economic Times
·
11m ago
Medial
Ant Group, the affiliate of Alibaba, has sold shares in Indian food delivery company Zomato worth over Rs 4,772 crore. This brings its total proceeds from selling stakes in the company to Rs 12,521 crore. Ant Group had initially invested Rs 3,246 crore in Zomato between 2018 and 2020. The latest stake sale marks a nearly fourfold return on Ant Group's investment. Zomato's stock price has been rising due to the growing value of its quick commerce unit Blinkit. Ant Group still holds a 2.1% stake in Zomato.
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PhonePe's Rs 2,193 Cr ESOP bill pushed it into losses in FY24
YourStory
·
9m ago
Medial
Digital payments giant PhonePe reported a decrease in losses for FY24. The company's losses dropped by approximately 29%, going from Rs 2,795 crore in the previous year to Rs 1,996 crore. PhonePe announced that it achieved profitability on an adjusted basis, excluding ESOP expenses of Rs 2,193 crore, with a profit of Rs 197 crore. The company faced high costs related to ESOPs and employee benefits, as well as increased payment processing charges. PhonePe processes nearly half of all payments made on the UPI ecosystem. The company has expanded beyond payments into various financial services.
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As new age companies race to profitability, Zomato brings down ESOP expenses quickest
Money Control
·
1y ago
Medial
Listed new-age companies like Zomato and Policybazaar have significantly reduced their employee stock option (ESOP) expenses in the first half of FY24 as they strive for profitability. Zomato leads the pack with a 44% decrease in ESOP costs, while other companies like Policybazaar and Delhivery have also made notable reductions. However, Paytm's ESOP costs have risen by 4% during this period. These companies have faced criticism for their large ESOP grants to top executives before IPOs, impacting their profitability. Despite the reduction in ESOP expenses, Zomato's overall employee benefits spending has marginally increased. Paytm remains the biggest spender in terms of ESOPs.
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Swiggy expands ESOP pool with Rs 150 Cr fresh grant
Entrackr
·
17d ago
Medial
Swiggy expands ESOP pool with Rs 150 Cr fresh grant Food delivery and quick commerce platform Swiggy has rolled out fresh employee stock option (ESOP) grants worth Rs 150 crore ($17.5 million). Swiggy Limited has granted 38.86 lakh stock options under its ESOP 2024 plan, according to filings with the NSE. At the current market price of Rs 385.3 per share, the grant is valued at around Rs 150 crore. As per the disclosure, the stock options have an exercise price of Rs 1 each and convert into one fully paid-up equity share upon vesting. They can be exercised anytime after the vesting period until the company’s liquidation. The development comes a month after, when Swiggy entered the travel concierge and lifestyle management space with a new app called Crew. Entrackr has exclusively reported the development. In April this year, the Bengaluru-based company announced fresh employee stock options under its ESOP plan 2024 for eligible employees worth Rs 443.4 crore (around $52 million). Swiggy’s losses surged 95% year-on-year to Rs 1,081 crore in the fourth quarter of FY25, even as revenue rose 45% to Rs 4,410 crore. For the full fiscal year, the company reported Rs 15,227 crore in revenue. In contrast, rival Zomato remained profitable with Rs 39 crore during the last quarter of the previous fiscal year (Q4FY25), while Zepto narrowed its losses to Rs 1,248 crore in FY24. At the close of trading on Friday (July 11, 2025), Swiggy’s shares were priced at Rs 385.3, and the company had a market capitalization of Rs 96,080 crore (around $11.3 billion).
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