Logistic Unicorn, Delhivery expands its ESOP pool size by allocating 7.71 lakh equity shares

Delhivery is a logistics firm that provides online delivery and logistics management solutions for e-commerce businesses. The firm expanded the Employee Stock Option Plan by allocating 7.71 lakh stock options under various ESOP schemes. The company is a 3PL service provider that offers solutions to clients for commercial purposes across different industries.

The company provides an online platform managing logistic solutions including last-mile delivery service, customer shipping, and payments. These newly allocated equity shares are worth Rs 25.6 crore. The company mentioned that the shareholders approved the allotment of 7,71,269 equity shares at a face value of Rs 1 per share to those under the Delhivery employee stock option plan.

The firm allotted 1.58 lakh equity shares under the Delhivery ESOP 2012 plan followed by 5.59 lakh shares under ESOP II 2020, and 64.2k stock options under ESOP III 2020. The logistic giant announced that the paid-up share capital increased to Rs 74.35 crore. This marks the second expansion of Delhivery’s employee stock option plan pool sizes this year. The development came just after the firm granted fresh stock options.

On January 6th, the company mentioned in a stock exchange filing that the Nomination and Remuneration Committee approved granting 1,15,829 stock options to employees under the Delhivery employee stock option plan 2012. The logistic firm announced that the vesting of newly allocated stock options will occur over four years. 10 percent of these stock options will be vested after one year while the 30 percent after two years. The rest of the 15 percent will be vested every six months afterward.

The development came after the company announced its financial results for the second quarter of FY25. The logistic service provider reported a net profit of Rs 10.2 crore in the second quarter of FY25. However, the revenue from operations increased by 13 percent to Rs 2,189.7 crore in the same duration. Inc42 reported. The part of 4,954 stock options follows different rules and will vest 50 percent after a year, 25 percent after 17 months, and the remaining 25 percent after 23 months.

The Gurugram-based logistics firm has secured around $1.25 billion across multiple funding rounds since its inception. Recently, companies like Zonato, Ixigo, and Paytm also announced ESOP allotments to their employees. Delhivery faces competition from other logistic and supply chain platforms such as Shdowfax, Clickpost, and XpressBees.

Conclusion:

Delhivery expanded its employee stock option Plan by allocating 7.71 lakh shares and 1.15 lakh stock options under its employee stock option plan. These newly allocated shares are worth around Rs 25.68 crore. The logistic service provider offers warehousing, cross-border, and an online platform enabling users to track their orders.

Delhivery’s ESOP 2012 scheme allowed the allotment of 1.58 lakh stock options while 5.59 lakh shares were allotted under ESOP II 2020, and 64.2K shares under ESOP III 2020. Ten percent of these shares can be vested after 12 months, 30 percent after two years and the remaining 15 percent should be vested every six months.

Niraj Kumar is the Founder and CEO of Scoopearth, bringing over 13 years of experience across diverse domains, including journalism, content marketing, digital marketing, startup mentoring, and business coaching. His extensive background and leadership have made a significant impact in these areas, helping startups grow and succeed in a competitive landscape.

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