Swiggy Founder Receives $200M ESOP Package Pre-IPO

• 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