CosmicTaco

Swiggy Founder Receives $200M ESOP Package Pre-IPO

CosmicTaco · 2024-10-09T08:14:04.811905+05:30

- 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](https://thearcweb.com/article/swiggy-founder-sriharsha-majety-esop-ipo-zomato-C9L3AA9HLY7qgXWP)

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