Cloud kitchen unicorn Rebel Foods announces ESOP liquidation worth $10 mn

Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods started its journey with Faasos in Pune

Rebel Foods, the world’s largest internet restaurant company, announced a $10 million employee stock ownership plan (ESOP) liquidation programme for eligible current and former employees.

ESOPs or employee stock ownership plans are investments in company’s shares given to employees by the company. Through this programme, Rebel Foods’ over 150 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 the ESOPs periodically without terms and conditions. The opportunity can be availed once in a one-year period. The company will set aside a pool of funds