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

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

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CallMeShirley

Citymall

a year ago

30% discount since last valuation is still great Enough people would have at much lower valuations That’s roughly Zomato’s current market cap
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salt

Gojek

a year ago

@CallMeShirley That makes sense actually.
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ProteinPancakes

Stealth

a year ago

To most employees, ESOPs becoming liquid is a big deal I think.
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Funny

Swiggy

a year ago

This is 4th liquidity event in swiggy. Which in itself is a big thing for most startups. 30% discount is slightly higher but still considerable given the market dynamics. Most people are liquidating
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ReddyAnna

Swiggy

a year ago

Great opportunity for folks who wanted to exit. But imo most folks are missing the forest for the trees.
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by FattyJam

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

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

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by NewsAnchor

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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

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by corporate_majdur

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What did Zomato employees did?

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?