Daybreak Zepto to its employees — 'Who wants to be a millionaire?'
12 snips
Feb 10, 2025 Zepto is on a mission to create millionaires among its employees through enticing stock options. It's like a lottery ticket for new hires, promising generational wealth in just a few years. However, this ambition comes with a demanding work culture and high turnover rates. The podcast delves into their strategic hiring practices and the challenges of balancing rapid growth with employee satisfaction. Plus, hear about innovative strategies to enhance the quick commerce sector, revealing the intricate dance of ambition and reality.
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Generational Wealth at Zepto
- Zepto's HR promises VP-level applicants generational wealth, offering potential earnings of ₹50-100 crore in four years through ESOPs.
- Ayush Agarwal, a junior accountant, rose to chief of staff in 18 months, demonstrating Zepto's rapid internal growth opportunities.
IPO and Work Culture Concerns
- Zepto aims for a $5 billion IPO by the end of 2025, offering substantial financial upside for employees.
- However, the company faces allegations of a toxic work culture, demanding long hours and intense pressure.
Hiring Practices at Zepto
- Despite claiming to disregard pedigree, Zepto's top management largely comprises individuals with e-commerce/quick-commerce experience, particularly from Flipkart.
- They hired 2,000 people in 2024, with many coming from Flipkart, Blinkit, and Swiggy.