Rebel Foods, the leading global internet restaurant company, recently allocated ESOPs (employee stock ownership plans) to its vast workforce of over 5,000 employees spanning across more than 350 kitchens and corporate offices. The latest distribution has significantly boosted the cumulative value of ESOPs held by Rebel employees to an impressive INR 550 crore ($65 million).
With this ESOPs distribution activity, Rebel Foods has become one of the trailblazing foodtech companies in India. It has successfully implemented a wide-scale distribution of ESOPs across all levels and regions, setting a noteworthy precedent in the industry.
Rebel Foods has expressed its intention to acknowledge the efforts of its employees and reward them for their significant contributions to the company’s growth. The organization is committed to strengthening the sense of ownership across all levels of the organization, recognizing the invaluable role played by its workforce. As part of this endeavor, Rebel Foods is extending a unique opportunity for wealth creation to Rebels employed in diverse positions, including kitchen staff, riders, runners, administrative teams, and corporate staff across India, UAE, and the United Kingdom. Through this transformative approach of making employees owners and fostering the Rebel Spirit, the company aims to cultivate a culture of entrepreneurship and empower its workforce to achieve shared success.
Ankur Sharma, Co-founder of Rebel Foods, said, “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. We are proud of each and every employee and we appreciate their contribution and faith in the company.”
“Through this ESOP programme, we aim to democratise wealth creation for our team and recognize their passion, customer centricity and performance. We will continue creating similar opportunities in the future while rewarding our employees for their hard work, contribution and belief in Rebel’s vision and mission,” he added.
The foodtech unicorn has recently made another significant announcement regarding its ESOPs liquidation program, marking the second consecutive year for this initiative. Rebel Foods has introduced this program to allow both current and former employees to convert their vested options into liquid assets this year. This ESOP program by Rebel Foods grants employees the opportunity to liquidate their shares once within a span of one year. To ensure the employees can reap the rewards of ownership, the company allocates a dedicated pool of funds annually, specifically for facilitating such liquidation.
Rebel Foods is providing its employees with a valuable opportunity for long-term wealth creation through ESOPs (employee stock ownership plans), which involve granting company shares to employees. In the midst of uncertain times and widespread challenges faced by various sectors, Rebel Foods aims to offer its employees a significant chance to build wealth over time. This initiative is just one among several noteworthy announcements made by the company this year. Rebel Foods has achieved several “firsts,” including being the first foodtech company to secure exclusive franchise rights for online and offline operations of Wendy’s, the world’s second-largest burger chain. Additionally, the company has also become the first player in its category to curate the entire food experience at a stadium through a partnership with Royal Challengers Bangalore during the IPL season.
