Rebel Foods to Offer ESOPs to 5000+ Kitchen and Corporate Employees

Internet restaurant company Rebel Foods has distributed ESOPs to its 5000+ employees in 350+ kitchens and corporate offices.

With this round of distribution, the total ESOPs value held by Rebel employees now reaches USD 65 Million (INR 550 crores).

Rebel Foods aims to acknowledge the efforts and reward its employees who’ve led the company's growth over the years, strengthening the sense of ownership across all levels of the organisation.

This move will allow a chance for wealth creation for Rebels employed as kitchen staff, riders, runners, administrative teams and corporate staff across India, UAE, and the United Kingdom.

By making employees owners and sharing the Rebel Spirit, the company aims to cultivate a culture of entrepreneurship and empower its workforce for shared success.

“At Rebel Foods, we believe that every employee is an owner in the company and it is the team that sticks together and works together that wins. Through this ESOP programme, we aim to democratise wealth creation for our team and recognize their passion, customer centricity and performance,” shared Ankur Sharma, Co-founder of Rebel Foods by adding that the group will continue creating similar opportunities in the future while rewarding their employees for their hard work, contribution and belief in Rebel’s vision and mission.

The company also recently announced its ESOPs liquidation program for existing holders, for the second year in a row. Through this programme, Rebel Foods' 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 their shares once in a one-year period. The company has set aside a pool of funds every year to enable such liquidation so that the employees can enjoy the benefits of ownership.

ESOPs or employee stock ownership plans are investments in a company’s shares given to employees by the company. In these uncertain times where challenges are faced across sectors, Rebel Foods is offering a significant and long-term wealth creation opportunity to all its employees across the company.

Founded in 2011 by Jaydeep Barman & Kallol Banerjee, Rebel Foods started its journey with Faasos in Pune. From launching the first cloud kitchen to becoming a unicorn, Rebel Foods has achieved notable milestones over the years. Rebel Foods currently is home to 45+ brands in multiple international geographies.