Apart from CEO Deepinder Goyal, Zomato’s senior most executives are in for a huge bounty as the food delivery company prepares for its historic IPO. They will be dollar-millionaires, with at least five of them expected to own shares worth more than $10 million
May 03, 2021
8 Min Read
For most employees of any IPO-bound company, the share listing’s success is to be measured by how much money it fetches them. By those terms, Zomato’s IPO is unlikely to disappoint, if the wealth creation anticipated for its founders and top executives is any barometer.
Zomato’s founder-CEO Deepinder Goyal, cofounder and chief technology officer Gunjan Patidar, head of business Mohit Gupta, and a host of other C-suite executives are up for a huge bounty. At least five top management personnel are expected to gain in excess of $10 million, and several others will make over $5 million, show documents reviewed by The CapTable.
For Goyal, Zomato’s board has approved a share-based compensation plan that will double his stockholding over the next 5-6 years, according to the draft red herring prospectus the food delivery company filed last week.