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Zomato grants ESOP worth Rs 4.42 Cr

  • Zomato has granted stock options under employee stock ownership plan (ESOP) 2014 and ESOP 2021.
  • The company is granting 158 options under the Foodie Bay Employee Stock Option Plan 2014 and 2.17 lakh options under the Zomato Employee Stock Option Plan 2021.
  • The ESOP grant is valued at approximately Rs 4.42 crore based on the company's opening price of Rs 203.
  • Zomato recently let go of 600 customer support associates as operational efficiencies from its AI-powered customer support platform increased.

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