Esop delivery at Eternal; Ecomm set to ride festive wave

Happy Monday! Executives at Zomato and Blinkit parent Eternal exercised stock options worth Rs 419 crore. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Red flag for green cards
■ GCCs & IT layoffs
■ Truemeds’ fundraise

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Blinkit founder Albinder Dhindsa leads Rs 419-crore Esop exercise at Eternal

Albinder Dhindsa, CEO, Blinkit

More than 140 executives at Zomato and Blinkit’s parent, Eternal, have exercised employee stock options worth Rs 419 crore over two days (July 29 and 30), according to a stock exchange filing.