Know why Zomato’s Deepinder Goyal is lashing out at his alma mater IIT Delhi on Twitter

Twitter just got spiced up. One of the top start-ups Zomato’s CEO Deepinder Goyal is in a war of words with his alma mater IIT Delhi over campus placements. According to an ET report, Goyal had requested for a day one slot to recruit IIT Delhi students during the college’s placement sessions.

“The placement officer told us our salary package was too low to be given the day-one slot," said Goyal, chief executive of online restaurant guide Zomato in the report. The company offered about Rs 16 lakh in annual compensation along with Employee Stock Options (ESOPs) worth Rs 10 lakh.

However, the placement cell of the college did not seem to like the idea. The placement cell felt that the annual compensation offered by Zomato did not match up to the salaries offered by other companies.

Goyal tweeted, “Campus placements in India are broken. Placement cells optimise only for money. Growth, esops, quality of work is secondary.”

Interestingly, the company is competing with the likes of tech giants such as Google, Amazon, Adobe and Microsoft for recruitment of the best talents from country’s premier institutes. “Any company which has to compete for a slot has to match the cash salary offer. Zomato did not match the salary offer,” said A Madan, the college’s campus placement officer. This was quickly rebutted by Goyal on Twitter when he said, “Exactly our point. They don't understand ESOPs.”

(Image credit: Indiatimes)