Business Standard

Cloud kitchen unicorn Rebel Foods announces ESOP liquidation worth $10 mn

Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods started its journey with Faasos in Pune

Cloud kitchens
Premium

Peerzada Abrar Bengaluru
Rebel Foods, the world’s largest internet restaurant company, announced a $10 million employee stock ownership plan (ESOP) liquidation programme for eligible current and former employees.

ESOPs or employee stock ownership plans are investments in company’s shares given to employees by the company. Through this programme, Rebel Foods’ over 150 current and former employees were given an opportunity to liquidate their vested options this year. Under the ESOP program by Rebel Foods, employees can liquidate the ESOPs periodically without terms and conditions. The opportunity can be availed once in a one-year period. The company will set aside a pool of funds

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 25 2022 | 2:42 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com