Zomato CEO
@deepigoyal
tells employees the company has started preparations to go for an IPO in the first half of 2021
More interestingly, it is the process of closing $30 mn (~Rs 220 crore) of share sale for ex-employees. This is a very significant liquidity generation
The reason why ESOP sale proceeds are just for ex-employees as mentioned in the mail by
@deepigoyal
to company
Some may say current employees should be a part as well. But important as I have mostly heard horror stories from ex-employees about liquidity and information on ESOPs