Zoo Media, the independent digital media service network, has introduced an employee stock ownership plan (ESOP).
With this, the network joins the handful of Indian agency networks offering ESOPs to employees.
The stock option plan will extend to Zoo Media’s senior management who fulfill the policy’s eligibility criteria. In the first phase of the ESOP allotment, the network has already onboarded key personnel as shareholders.
This initiative has been rolled out with the lens of giving back to employees who have invested in building and scaling the network and to incentivise younger management as well as new joiners.
This announcement comes at a time when the independent network has launched its first global office in New York. It is also set to announce a series of acquisitions and strategic partnerships over the course of the next few months.
Suveer Bajaj, Co-Founder of Zoo Media, said, “Zoo Media has seen immense growth over the last two years. We’ve achieved this because of the capable leaders in our network, who have taken ownership, and worked relentlessly to make our collective vision a reality. ESOPs allow us to reward their dedication and make them stakeholders in the network they’ve been instrumental in building. Moreover, this is a great incentive for industry talent and our younger team members to grow with us.”
Zoo Media currently has over 600+ employees across its Mumbai, Gurugram, Bengaluru, New York and Dubai offices.