Zomato Empowers Employees’ Health with Chief Fitness Officer Appointment and Rs 2.52 Cr ESOP Allocation

Zomato, the popular food-delivery platform, has allocated employee stock option plans (ESOP) worth Rs 2.52 crore to certain employees and subsidiaries. The company’s board has given the green light to issue 2,52,59,179 fully paid-up shares with a face value of one rupee each.

In a move that showcases its commitment to employee well-being, Zomato’s CEO, Deepinder Goyal, announced the appointment of a Chief Fitness Officer (CFO). Anmol Gupta and his team will closely monitor the health and eating habits of employees, including delivery personnel and restaurant partners, to ensure they stay fit and healthy.

The company’s concern for employee wellness is evident from the provision of an on-site gym at its Gurugram headquarters and the availability of mental health experts for consultation. Additionally, the company’s leave policy promotes physical and mental well-being for its staff.

The positive results from Hyperpure, Zomato’s restaurant supplies wing, contributed to a remarkable 70% increase in the platform’s revenue during the last quarter of the 2023 financial year. Moreover, the company managed to reduce losses by 47%, amounting to Rs 188.2 crore compared to the previous year.

Notably, Deepinder Goyal had previously pledged to donate the earnings from his vested stock options, valued at around Rs 700 crore, to the Zomato Future Foundation. These ESOPs granted during the second half of FY23 were part of this commitment.