Get the app
News Discussion
News Discussion
on
CosmicTaco
CosmicTaco
Grapevine

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

9mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
No comments yet

You're early. There are no comments yet.

Be the first to comment.

Discover more
Curated from across
News Discussion
News Discussion5mo
by CosmicTacoGrapevine

Swiggy's IPO to Generate $1 Billion for 5,000 Employees

  • Swiggy's upcoming IPO is set to create over $1 billion in wealth for nearly 5,000 current and former employees.
  • The company has around 230 million ESOPs across three schemes, worth $1.06 billion at the upper end of the IPO price ban...
Post image
Top comments
user

Lol wtf was that notification, i thought 1B per person

user

upcoming IPO? The IPO has been closed on 8th itself & allotted on 11th Nov. Lists tomorrow