Swiggy Announces $65 Million ESOPs Liquidity Programme

• Swiggy has launched a $65 million ESOPs liquidity programme, marking its fifth such event since 2018.
• Employees across various levels can now receive liquidity for their ESOPs in the secondary market.
• This is the third consecutive ESOP liquidity event following those in July 2022 and 2023.
• Swiggy has enabled over Rs 1,000 Cr of ESOPs liquidity, benefiting 3200 employees over five events.
• The announcement comes as Swiggy prepares for its IPO, with plans to raise approximately $1.25 billion.

Source: Entrackr