Earlier this year, they added a hefty 20,299 shares, bringing the total ESOP value to a substantial INR 263.5 crore based on their recent funding round. This strategic move highlights a growing trend in the Indian startup scene: leveraging ESOPs to attract and retain top talent.

Why the Big Bet on Employee Ownership?

Zoom Deliveries isn't shy about their intentions. They clearly state their desire to secure the best leadership minds by making them co-owners. These additional shares directly tie employee success to the company's long-term growth, fostering a win-win situation.

ESOPs: A Hot Ticket for Talent Acquisition

Zoom Deliveries isn't operating in isolation. Their ESOP expansion coincides with their $100 million Series E funding secured in February 2024. This fresh capital fuels their mission to dominate the hyperlocal delivery market, where they currently process a staggering 15 lakh orders daily across a vast network spanning 15,000 Indian postal codes.

ESOPs: A Trend A cross the Startup Landscape

The strategic use of ESOPs isn't unique to Zoom Deliveries. A recent Inc42 survey revealed that over half of Indian startup founders view ESOPs as a critical tool for attracting and retaining top talent in 2024. Here are some other examples making headlines:

· Nykaa, the beauty and fashion e-commerce giant, granted a significant 4.05 lakh stock options to employees just before their Q4FY24 earnings call.

· Logistics player Delhivery announced the allotment of 75,000 options under their ESOP plan last week.

· Bengaluru-based e-commerce platform Meesho launched a whopping INR 200 crore ESOP buyback program, benefiting over 1,700 employees.

By prioritizing employee ownership, Zoom Deliveries is strategically positioning itself as a magnet for talented individuals who want to be part of the next big thing in Indian deliveries. This focus on employee investment ensures they're well-equipped to compete in the ever-growing delivery market.