ESOP for over 800 employees at Licious

Gourmet meat startup Licious has announced on Monday that it has launched an Employee Stock Ownership Plan (ESOP) for more than 800 employees.


Licious said that the program will profit representatives across capacities including preparingcentre staff, delivery boys, and corporate employees. Further,Options can be exercised over a period of 4 years from the date of grant.

Abhay Hanjura and Vivek Gupta, Co-Founders, Licious stated, “Since our launch in 2015, Licious has grown from strength-to-strength.” They added, “To this extent, we believe each individual and team have an equally important role to play and therefore, access to the same rewards system. We have always been cognizant and vocal about this within the company and outside.”

As far as what drove them to go live with ESOPs at this phase of the excursion, the pair stated, "While we hit new income benchmarks at the pinnacle of the pandemic, we have had the option to observe reliable business development even a short time later. Furthermore, we accept that the meat business itself is experiencing a transformation with our classification disturbance. This has started quick developing speculator interest in what was at one time a chaotic area and will bring about abundance creation openings at the business and individual levels." 

Licious as of late reported its essential development to 7 new urban areas in India. In the wake of dispatching in Jaipur and Coimbatore in November-December 2020, the Bengaluru-based brand has stretched out its activities now to Vijayawada, Vizag, Kochi. Puducherry and Kolkata.

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