Swiggy’s 540 Cr of ESOP buy back ahead of IPO
Approx 2000 Swiggy folks are going to be like “Paisa hi Paisa”. Anyone here who will be benefiting from this??
SquishyQuokka
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?
16mo ago
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WigglyDonut
Student16mo
30% discount since last valuation is still great
Enough people would have at much lower valuations
That’s roughly Zomato’s current market cap
SquishyQuokka
Gojek16mo
@CallMeShirley That makes sense actually.
BubblyDonut
Dream 1116mo
To most employees, ESOPs becoming liquid is a big deal I think.
FluffyNugget
Swiggy16mo
Great opportunity for folks who wanted to exit. But imo most folks are missing the forest for the trees.
CosmicNoodle
Swiggy16mo
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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Indian Startups17mo
What has been the extent of buybacks in Swiggy for its founding/early team? (First 20 to 25)
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 is going to happen for ESOPs of Swiggy former employees
I am formers employee of Swiggy and I hold some esops. As fast as I know there have been no communication from the company on what will be the next steps/taxation or login period after IPO at all. In the esop portal also none of the info...