Mumbai, 6/5: Online food delivery platform Zomato’s Founder and CEO Deepinder Goyal will be donating around $90 million (nearly Rs 700 crore) from vested ESOPs to Zomato Future Foundation to help fund the education of children of its delivery partners.
In an internal memo shared with the employees of the company, Goyal said before Zomato went public, he was granted some ESOPs (Employee Stock Ownership Plan) by the investors and board on the basis of his past performance and some of the ESOPs vested last month because there is a minimum one year vesting required as per law.
“At the average share price over the last month, these ESOPs are worth (around) $90 million (around Rs 700 crore),” he wrote
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