Zomato hires chief fitness officer; allocates ESOPs worth Rs 2.52 cr.

The company's Board approved the issuance of 2,52,59,179 fully paid-up shares with a face value of a rupee each. Approximately 48 lakh shares will be distributed as sweat equity to the chosen employees under the Zomato ESOP 2018


Zomato, the food-delivery platform, has issued employee stock option plans (ESOP) valued at Rs 2.52 crore to certain employees of the company and its subsidiaries. The Board of Zomato has lent its approval to the allocation of 2,52,59,179 fully paid-up shares with a face value of one rupee per share. That is not all. Deepinder Goyal, CEO, Zomato, has announced the hiring of a chief fitness officer or CFO, who will work closely with the employees, including the delivery personnel and restaurant partners, to ensure that they focus on their health. Anmol Gupta and his team will monitor the eating habits of the employees, so that the members of the workforce remain fit and healthy.

That the company is concerned about its employees’ wellness is quite clear from the fact that it has provided a gym at its Gurugram headquarters. There are also mental-health experts available to employees for consultation. The company’s leave policy also encourages physical and mental well-being of its staff.

In the last quarter of financial year 2023, the revenue of the platform had gone up by 70 per cent. This was due to the positive results shown by Hyperpure, the company’s  restaurant supplies wing. Also, the company’s losses had dipped by 47 per cent, to Rs 188.2 crore compared to the previous year.

Last year, Deepinder Goyal, CEO, Zomato, had committed that he would donate the earnings from his vested stock options to the Zomato Future Foundation. These stocks were reportedly worth almost Rs 700 crore. During the second half of FY23, these ESOPs granted to Goyal reportedly cost Zomato Rs 143 crore.

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