New Delhi: Zomato CEO Deepinder Goyal has committed his ESOPs proceeds worth ₹700 crores (net of taxes) to Zomato Future Foundation (ZFF), according to an internal note sent to Zomato employees. This will include donations toward the education of up to two children of all Zomato Delivery Partners, special programs for girl children and higher education scholarships, among other benefits.

The co-founder and CEO of food technology company Zomato rekindled the welfare spirit of the employees when he announced his decision to donate all his stock options, towards educating the children of his company’s delivery partners.

On an internal note, which is being widely circulated, Goyal said he would donate all his ESOPs (Employee Stock Ownership Plan). The Zomato Future Foundation is to cover the education of up to two children of all Zomato delivery partners who have been on its fleet for more than five years. To begin with, it will cover expenses up to Rs 50,000 per child per annum on actuals, which could rise to Rs 100,000 if the delivery partner completes 10 years with Zomato.

“I believe that education is the one and the only thing that can give them (the children of delivery partners) a chance to build a life much better than their previous generations,” said Goyal.

According to the company's statement last August, Zomato had 310,000 active delivery partners in July of 2021, the highest-ever number in the platform’s lifetime. The condition of the delivery people became a much-debated topic when Zomato announced 10-minute deliveries and also when one of its delivery persons died in a road accident.