Delhivery is a logistic unicorn that provides an online delivery platform and logistics management solutions for e-commerce businesses. The firm expanded the Employee Stock Option Plan by allocating 50,100 stock options to its current ESOP pool.
The company manufactures operating systems for commercial purposes and provides innovative logistic solutions including last-mile delivery service, reverse logistics, customer shipping, and payment collection. These newly allocated employee stock option plan shares are worth Rs 2.09 crore.
The company mentioned in a stock exchange filing that the Nomination and Remuneration Committee of the board approved the allotment of 50,100 stock options at a face value of Rs 1 per share to those under the Delhivery employee stock option plan. The company allotted these fresh equity shares under the Delhivery ESOP 2012 plan. The logistic firm announced that the vesting of these options will occur over four years from the date of the grant.
The 10 percent of these 50.1 stock options will be vested after one year while the 30 percent will be vested after two years. The rest will be vested with a rate of 15 percent every six months afterward. inc42 reported. This marks the first expansion of Delhivery’s employee stock option plan pool sizes for this month.
The company recently allotted an additional 63,538 stock options to the existing pool size under the employee stock option plan 2012 scheme. Before this, the firm allocated over 6.15 lakh stock options across multiple ESOP schemes. The development came after the company announced its financial results for the first half of FY25. This marks the sixth time this logistic firm increased its employee stock option plan’s pool size in the past few months. The company plans to launch its drone startup, Delhivery Robotics India to provide Drones as a service option for remote sensing, deliveries, and shipment.
The logistic service provider reported a net profit of Rs 54.3 crore in the first quarter of FY25. However, the net loss was around Rs 89.4 crore in FY24. The logistic firm announced a 13 percent YoY increase in its revenue from operations to Rs 2,172 crore in the first quarter of FY25. The company has secured around $1.35 billion across multiple funding rounds since its inception. Delhivery faces competition from other logistic and delivery platforms including Blue Dart, Ekart Logistics, Shadowfax, and ShipBob.
Conclusion :
Delhivery expanded its employee stock option Plan by allocating 50.1k stock options under its employee stock option plan. These newly allocated shares are worth around Rs 2.09 crore. The logistic service solution-providing platform develops operating systems and offers delivery services with a facility that allows its users to track their orders across India through drone services. This is the sixth time this company has expanded its employee stock option plan in the last month.
Delhivery’s ESOP 2012 scheme allowed the allotment of these stock options to employees following the allocation of 63k stock options last month. The 10 percent of these shares can be vested after a year while the remaining 30 percent after two years from the date of the grant. The remaining at a rate of 15 percent every six months after that.
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