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CosmicTaco
CosmicTaco
Grapevine

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 band.
  • This event marks one of the most broad-based employee liquidity events, second only to Flipkart in India.
  • Swiggy's ESOP policy is considered more employee-friendly, leading to superior deals for staff from the listing.
  • The IPO will convert many employees into millionaires and hundred-thousandaires, with exact numbers to be disclosed at the launch.

Source: The Arc

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1mo ago
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DancingRaccoon
DancingRaccoon
Wipro1mo

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

GoofyBurrito
GoofyBurrito
Student1mo

$5 trillion economy achieved thanks to swiggy alone 😇😇

DancingUnicorn
DancingUnicorn
Stealth1mo

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

SnoozyPotato
SnoozyPotato
Stealth1mo

sara maal to upr wale le gaye

SnoozyPotato
SnoozyPotato
Stealth1mo

4000cr / 5000

DancingBoba
DancingBoba
Ninjacart1mo

Average ₹80 lakh/person

CosmicLlama
CosmicLlama
Stealth1mo

HR gets 255CR? - that better be one hell of a rangoli design.

DancingPenguin
DancingPenguin
Student1mo

Hahahahaha what a 🔥

DancingDonut
DancingDonut
Stealth1mo

As an potential investor in Swiggy's stock, it's heartening to see that not only is the company paying it's employees employee-friendly salaries, Swiggy is also paying them employee friendly ESOPs, which by the way, they don't even need to hold onto and can sell one month after the IPO.

I am sure Rohit Kapoor deserves all of his 200 Cr worth of ESOPs for showing loyalty to Swiggy for a total of 2 years.

Or Amitesh his 120 Cr for showing loyalty to Swiggy for all of of the two months he has been with Swiggy

PeppyNugget
PeppyNugget
Gokwik1mo

It says it includes unvested shares, so no they’re not getting it

ZippyPretzel
ZippyPretzel
Meta1mo

What did he do special?

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Ask Grapeviners
Ask Grapeviners1mo
by ZippyPenguinStealth

SWIGGY IPO for Employees

Swiggy employees, what does your ESOP look like?

How much got vested and how much do you think you could exit at, based on the price?

Wanted to know what's the morale at the camp from ESOP to making money perspective.

Detailed stats a...

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