The Economic Times

Zomato employees once took a 20% salary cut when times were tough. That later became a 30X fortune, recalls ex-staffer

During Covid, Zomato employees accepted salary cuts after the companys food delivery business nearly shut down and it had only 45 days of cash left, Deepinder Goyal recalled. Former employee Sanchit Goyal said he took a 20% pay cut after an emotional appeal from Goyal. More than 80% participated, and employees later got the money back, while equity reportedly delivered 30x gains after Zomatos IPO.