@Swiggster @Swiggypsyduck @SwiggyLabour @Swiggydriver @swiggydeliveryboy @DarkLordSwiggy @SwiggyStar @swiggyQA

Software Engineer

I have ESOPs at 10bn, not sure what would be the valuation at the time of IPO

Data Scientist

Folks from Swiggy, how much is your ESOP worth right now?

Welcome to Indian Startups's Private Community

Folks from Swiggy, how much is your ESOP worth right now?- Grapevine

Swiggy was valued at $10B a couple of months back. Good luck employees waiting for ESOP buy-back in July 2023. Your shares are now worth half of what it used to be!

https://www.moneycontrol.com/news/business/invesco-cuts-swiggys-valuation-to-5-5-bn-2nd-markdown-in-4-months-10549051.html

Swiggy valuation down to $5.5B

Welcome to News Discussion's Private Community

Approx 2000 Swiggy folks are going to be like “Paisa hi Paisa”. Anyone here who will be benefiting from this??

Swiggy’s 540 Cr of ESOP buy back ahead of IPO

Product Manager

Would you rather sell at a devaluation and access liquidity or hope that next buy back allows you greater rewards?

Swiggy ESOP buy back: anyone has the scoop on this?

- 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

Swiggy Announces $65 Million ESOPs Liquidity Programme

Journalist

Managed to cash out atleast 25% of ESOPs (on average) up till now? 
This is a very important test of liquidity for our ecosystem. Its been almost 8 years of VC funded existence. Any thoughts on this?

What has been the extent of buybacks in Swiggy for its founding/early team? (First 20 to 25)

Business Analyst

- Swiggy founder, Sriharsha Majety, has been awarded a fresh package of stock options worth over $217 million ahead of the company's IPO. 
- This ESOP package will increase Majety's shareholding by 2-2.3%. 
- Other top executives and employees were also granted stock options, with the total package worth $380 million. 
- The vesting period for these options ranges from 1-8 years. 
- If Swiggy's IPO is valued at $12 billion, Majety's stake could be worth over $720 million.

Source: [The Arc](https://thearcweb.com/article/swiggy-founder-sriharsha-majety-esop-ipo-zomato-C9L3AA9HLY7qgXWP)

Swiggy Founder Receives $200M ESOP Package Pre-IPO

Welcome to Office Gossip's Private Community

All Zomato employees including me and 3 more close friends dumped all our shares we got and bought after recent price hike.

Zomato employees dumped their shares

Business Development Manager

Let's examine a snapshot of the Swiggy Engineering VPs' status from three months ago and compare it to their current situation.

CTO Dale departed just yesterday.
Storefront - Madhu has been promoted to the role of CTO, and we are awaiting the appointment of a new VP.
ATS - Ashish is currently serving his notice period.
MFP - Piyush has left the company, and Soumya has taken on additional responsibilities.
RNG - Nitesh is currently interviewing with other firms.
DIP - Soumya is still performing well in their role.
DevOps - Anurodh is in charge.
Location Intelligence - Pradnya is currently serving her notice period.

One potential reason for their departure is the recent devaluation, which has resulted in an unofficial 50% reduction in the value of the ESOPs. Given the minimal salary increases, unless prompt action is taken by the remaining leadership, this ship will inevitably sink!

PS The engineers at Swiggy are aware of the alternative interpretation of SOS.

Swiggy SOS

yaar pehli baat to ye ki don't assume that everyone knows the meaning of those god damned  abbreviations ....

Getting an offer of 30LPA as a SBA at GamesKraft. But the thing is, I just joined Swiggy like 7-8 months back. 

(I was just randomly interviewing tbh. Just to ensure my skills are still at par with the market in case something bad happens.)

But the salary hike is a good one. It will probably take me a good ~2 years (ATLEAST) to reach there if I stay at Swiggy. What should I do? My esops haven’t even vested yet. And I can always interview for a hike in case my salary progression gets stale later, right?

And the work here is good. I am getting to learn a lot, plus it’s wfh. And Gameskraft had the tax issues with the betting thing. IS IT WORTH IT? Am i being greedy? Do i make the jump? Or do I be patient?

Is this worth it?

What is the current state of Jupiter, I have heard a lot of people from higher position resigning.
Pms are being fired that just joined recently, from Dunzo and from Swiggy.

A lot of people being laid off. 
Poor or no hike and not even deserving people got the promotion.

Their credit cards were seem just a scam.
Just burned of the funding in vain.
Data leak and privacy is a major issue.

I have heard wrong people are given the decision making power here.

Will it be worth if someone join Jupiter now for at least next 1 year ?
or just a miserable startup that just failed.

Jupiter Collapsing ?

Software Developer

Source: one of my Friends brother working there.

Swiggy !

Account Executive

Welcome to Personal Finance's Private Community

Okay, this post is not for any comparison but genuinely want to get insight on where do i stand in terms of saving among the corporate employees. 
I will go first. 
Age :28
NW : 65L

What's your net worth?

5.75 crore including flat . Not including car or jewellery. No loans or emis or debt of any kind . Age 41

Program Manager

Will Swiggy IPO affect Zomato Stock Performance?

Welcome to Business Roles's Private Community

Hey. I graduated from a tier 4 uni with a non-engg degree (3 years). 

Including a breakdown of compensation to show what’s possible, apologies for the humble brag. 

Year 1: 12 lakh 
Year 3: 36 lakh + 15 lakh SOPs 
Year 6: 50 lakh + 5 lakh SOPs 
Year 8: 75 lakh + 30 lakh SOPs
Year 10: 110 lakh + 60 lakh SOPs

I’ve worked in increasingly larger companies, latest is a decacorn+.

AMA!

PM w/ 10 YOE, TC >1.5CR, AMA

Where did you work and how much money did you make?

Asking as it looks like a lot of promise of ESOPs and wealth creation has failed employees in this bloodbath slow growth, layoffs, and job changes.

"ESOPs made me rich af"

I have had ESOPS in 2 companies 
#1 - company got acquired ..I got 45 Lacs IN ESOP ...thats 1.5X of my last annualized salary  ( so additional salary for 18 months) 
#2 - Company became unicorn ... I quit and company bought my ESOPs . Got 2 Cr
That is 3X of my annualized salary

Company 1 - I had joined at very early stage ; Company 2 - I joined at mid-stage

UX/UI Designer

My profile: EX. Founder turned Product+ strategy person
YOE: 5+
ESOPs: 80 lakhs 
Cliff: 1 year
Vesting period: 48 months

I am still thinking after how many years it will be valuable given the liquidity is very rare for ESOPs. Any thoughts?

Are your ESOPs worth it?

Product Owner

Swiggy is planning to go public soon and has offered to exercise our ESOPs at a certain valuation. This is not a buyback, so we will have to pay taxes on the exercised shares. Is it worth exercising now or should I wait for the IPO? I will only gain from this if the IPO price is higher than the exercise price, otherwise I will end up paying more tax. Did Zomato have a similar offer before its IPO? If so, what was the best option for its employees?

Folks from Swiggy, how much is your ESOP worth right now?

Discover More

Indian Startups on

by Anise Denver

Swiggy

Swiggy valuation down to $5.5B

News Discussion on

by Jordon Carmden

Stealth

Swiggy’s 540 Cr of ESOP buy back ahead of IPO

Indian Startups on

by Coy Dean

Gojek

Swiggy ESOP buy back: anyone has the scoop on this?

News Discussion on

by Aaron Hyrum

Grapevine

Swiggy Announces $65 Million ESOPs Liquidity Programme

Indian Startups on

by Aaron Denver

Apollo Pharmacy

What has been the extent of buybacks in Swiggy for its founding/early team? (First 20 to 25)

News Discussion on

by Dezi Hyrum

Grapevine

Swiggy Founder Receives $200M ESOP Package Pre-IPO

Office Gossip on

by Kalan Olive

GoMechanic

Zomato employees dumped their shares

Indian Startups on

by Kendall Lee

Swiggy

Swiggy SOS

Indian Startups on

by Coy Olive

Swiggy

Is this worth it?

Indian Startups on

by Matilda Carmden

PhonePe

Jupiter Collapsing ?

Layoffs on

by Kalan Lee

Amazon

Swiggy !

Personal Finance on

by Jordon Lee

Microsoft

What's your net worth?

Indian Startups on

by Matilda Taye

Razorpay

Will Swiggy IPO affect Zomato Stock Performance?

Business Roles on

by Kendall Carmden

Decacorn

PM w/ 10 YOE, TC >1.5CR, AMA

Indian Startups on

by Jordon Carmden

Unacademy

"ESOPs made me rich af"

Misc on

by Karilyn Lee

Stealth

Are your ESOPs worth it?

Indian Startups on

by Coy Denver

Swiggy

What did Zomato employees did?