In a conversation with Sandeep Jethwani in the Create Wealth podcast, Kulashekaran said that he continues to hold 70% of his Zomato shares. ESOPs are employee benefit plan under which employees get the company’s stock at a low price.
In addition, ESOPs worth Rs 13.5 crore and Rs 10 lakh were also awarded to senior executives of the company including Akshant Goyal, Chief Financial Officer and Sandhya Sethia, Company Secretary.
Food delivery firm Zomato's founder and CEO Deepinder Goyal has donated Rs 700 crore ($90 million), the entire proceeds he received from monetising a portion of his employee stock option plans (ESOPs), towards education of children of delivery partners.