Esop delivery at Eternal; Ecomm set to ride festive wave

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Happy Monday! Executives at Zomato and Blinkit parent Eternal exercised stock options worth Rs 419 crore. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Red flag for green cards
■ GCCs & IT layoffs
■ Truemeds’ fundraise


Blinkit founder Albinder Dhindsa leads Rs 419-crore Esop exercise at Eternal

Albinder Dhindsa Blinkit

Albinder Dhindsa, CEO, Blinkit

More than 140 executives at Zomato and Blinkit’s parent, Eternal, have exercised employee stock options worth Rs 419 crore over two days (July 29 and 30), according to a stock exchange filing.



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Esop delivery at Eternal; Ecomm set to ride festive wave


Happy Monday! Executives at Zomato and Blinkit parent Eternal exercised stock options worth Rs 419 crore. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Red flag for green cards
■ GCCs & IT layoffs
■ Truemeds’ fundraise


Blinkit founder Albinder Dhindsa leads Rs 419-crore Esop exercise at Eternal

Albinder Dhindsa Blinkit

Albinder Dhindsa, CEO, Blinkit

More than 140 executives at Zomato and Blinkit’s parent, Eternal, have exercised employee stock options worth Rs 419 crore over two days (July 29 and 30), according to a stock exchange filing.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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