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??
NewsAnchor
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
1mo ago
QuaintMinnow
Student1mo
Time to change his name to Sriharsha Majesty
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Lol wtf was that notification, i thought 1B per person
Folks from Swiggy, how much is your ESOP worth right now?
Folks from Swiggy, how much is your ESOP worth right now?
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