IPO

Why IPO-bound founders at PolicyBazaar, Delhivery, Zomato are cashing out, stocking up on bonuses

Aditi Shrivastava

Madhav Chanchani

March 29, 2021 | 13 Min Read

Investors get on board as founders take additional stakes and valuation-linked incentives as they prepare for the long haul after an IPO, in which these companies are expected to list as board- and professionally run companies, not as promoter-run companies

The boardrooms of IPO-bound tech companies have never been busier. As Delhivery, PolicyBazaar and Zomato get ready for listing on the bourses, their founders are busy negotiating terms to increase their shareholdings and secure long-term incentives.

PolicyBazaar’s Yashish Dahiya and Alok Bansal have negotiated significant additional stock allocations for themselves. Zomato’s Deepinder Goyal has cashed out millions of dollars worth of shares and will likely be awarded more stock options. At Delhivery, the founders and the management team have signed up for two new stock incentive plans.

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