🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Swiggy announces fifth Esop plan worth $65 million

Economic Times

Economic Times · 1y ago

Swiggy announces fifth Esop plan worth $65 million

Food delivery giant Swiggy has announced its fifth employee stock ownership plan (Esop) buyback, with a value of $65 million. This move is aimed at acknowledging employees' contributions and rewarding them for their dedication. Swiggy has already facilitated over Rs 1,000 crore in Esop liquidity across five events, benefiting more than 3,200 employees. The company believes that employee ownership creates incentives and fosters collaboration, leading to shared success and growth.

5

Related News

Startup Employees Made INR 1.2K Cr Via ESOP Buybacks In 2024

Inc42 · 10m ago

Startup Employees Made INR 1.2K Cr Via ESOP Buybacks In 2024

16 Indian tech companies have conducted ESOP (Employee Stock Ownership Plan) buybacks in 2024, resulting in over $148 million of wealth for their employees. In 2023, 12 startups carried out ESOP buybacks worth $850 million, with Flipkart leading the way with $700 million. Swiggy stood out in 2024 by offering $65 million in ESOP liquidity to reward its employees.

Swiggy allocates Esops worth Rs 1,171 crore to staff

Economic Times

Economic Times · 7m ago

Swiggy allocates Esops worth Rs 1,171 crore to staff

Swiggy has allotted 2.61 crore shares under its Employee Stock Ownership Plan (ESOP) schemes. This move increased Swiggy's paid-up equity share capital to Rs 2.26 crore. The ESOP allocation, worth Rs 1,171 crore, follows the approval of 2,61,93,411 equity shares for eligible employees under the Swiggy ESOP Plan 2015 and 2021. This initiative mirrors common practices among consumer internet firms, typically providing stock options to employees for incentivization and wealth creation opportunities.

Flipkart announces new ESOP liquidity worth $50 Mn

Entrackr

Entrackr · 2m ago

Flipkart announces new ESOP liquidity worth $50 Mn

Flipkart announces new ESOP liquidity worth $50 Mn This announcement follows Flipkart’s record $700 million payout to employees in 2023, one of the largest ESOP buyback events in Indian startup history. Flipkart has announced a fresh ESOP (Employee Stock Option Plan) liquidity opportunity for its employees, according to an internal note from the company’s chief executive officer Kalyan Krishnamurthy. As per the note, eligible employees will be allowed to liquidate up to 5% of their vested ESOPs as of July 5, 2025, at a buyback price of $174.32 per option. Payouts will be made in August 2025 under the Flipkart Stock Option Plan 2012. An ET report estimates the size of the ESOP buyback at $50 million, with 7,000 to 7,500 employees expected to benefit from the liquidity program. Flipkart is currently valued at around $36 billion. Krishnamurthy also added that if key performance goals are met by the end of 2025, another 5% liquidity window could open in early 2026. A Flipkart spokesperson confirmed the development to Entrackr. This announcement follows Flipkart’s record $700 million payout to employees in 2023, one of the largest ESOP buyback events in Indian startup history. Media reports indicate the firm plans to launch its IPO with a valuation of $60-$70 billion. The company’s board has already approved the process to shift its holding structure from Singapore to India. In 2025, a clutch of startups including Darwinbox, Rapido, Univest, Deserve, and Even Healthcare have implemented ESOP buyback, liquidity, and payout programs worth around $67 million. In 2024, more than 20 startups implemented $200 million. According to startup data intelligence platform TheKredible, the ESOP buyback or liquidity amount stood at $802 million in 2023, $440 million in 2021, and $200 million in 2022.

Edtech Soonicorn Classplus Announces Second ESOP Buyback For Over 150 Employees

Inc42 · 1y ago

Edtech Soonicorn Classplus Announces Second ESOP Buyback For Over 150 Employees

Delhi NCR-based edtech startup, Classplus, has launched its second employee stock ownership plan (ESOP) buyback program, allowing over 150 employees to sell their vested shares. The exact amount dedicated to the buyback remains undisclosed. Classplus became the first edtech startup to announce a buyback this year. With 748 employees, over 20% of them are eligible for the program. In its first ESOP buyback, 30 employees participated, resulting in a worth of $1 million. ESOP allocations are expected to increase this year, with 55% of Indian startup founders relying on them to attract talent.

XYXX announces ESOP buyback program

Entrackr

Entrackr · 1y ago

XYXX announces ESOP buyback program

Men-focused premium innerwear and lifestyle brand XYXX has announced its first Employee Stock Ownership Plan (ESOP) buyback. XYXX’s ESOP programme was introduced 4 years ago, and employees who have completed their tenure are eligible for the buyback. According to the firm, the eligible employees are allowed to liquidate at a 6X premium on the allotted price with zero strike price. XYXX’s ESOP buyback programme currently includes employees spanning from senior managers to heads of departments as well as executive leadership. The buyback comes within a year of XYXX’s $13.5 million Series C round led by Amazon Smbhav Venture Fund. XYXX claims to have pan-India presence with over 22,000 touchpoints through top Multi Brand Outlets (MBOs), a strong modern trade presence with Shoppers Stop, and Reliance Trends, amongst others as well as Exclusive Brand Outlets (EBOs) in multiple key cities. Its products are available on website (xyxxcrew.com) and available on e-commerce marketplaces including Amazon, Flipkart, Myntra and Ajio. On Monday, audio series platform Pocket FM announced its first ESOP buyback worth $8.3 million. As per data compiled by TheKredible, the total EOSP buyback/payout/liquidity stood at nearly $802 million in 2023. In 2021 and 2022, the buyback amount was recorded at $440 and $200 million respectively. In 2024, MyGate, Classplus and Meesho also completed their ESOP buyback scheme.

AppsForBharat announces first ESOP buyback worth Rs 2.1 Cr

YourStory

YourStory · 10m ago

AppsForBharat announces first ESOP buyback worth Rs 2.1 Cr

Devotional platform Sri Mandir's parent company, AppsForBharat, has announced its first Employee Stock Option Plan (ESOP) buyback worth Rs 2.1 crore. The buyback will allow 25 employees to cash out a portion of their vested stock options. The initiative, facilitated through a partnership with Infinyte Club, aims to reward and acknowledge the contributions of long-term team members. AppsForBharat recently raised $18 million in Series B funding for the expansion of Sri Mandir's operations and the development of new temples and services.

Fintech startup Perfios announces employee stock buyback worth $18.5 million

Economic Times

Economic Times · 1y ago

Fintech startup Perfios announces employee stock buyback worth $18.5 million

Bengaluru-based fintech startup Perfios has announced an employee stock ownership plan (ESOP) buyback worth INR 154 crore (approximately $18.5 million). The buyback will benefit 135 employees, with 62 of them becoming millionaires. The company had recently raised $229 million in a funding round led by Kedaara Capital. Perfios plans to double its revenue growth by March 2023 and expand its presence in the Middle East, North Africa, Southeast Asia, and North America. The company provides financial institutions with software technology for credit assessment, fraud monitoring, and other financial processes.

Exclusive: PB Fintech adds new ESOP worth near Rs 2,000 Cr

Entrackr

Entrackr · 1y ago

Exclusive: PB Fintech adds new ESOP worth near Rs 2,000 Cr

Policybazaar and Paisabazaar’s parent PB Fintech has introduced a new ESOP plan worth Rs 1,931 crore (approximately $233 million) under PB Fintech Limited Employees Stock Option Scheme 2024. The board at PB Fintech has passed a resolution to grant 1,14,00,000 employee stock options to its staff, directors and subsidiaries, its regulatory filing accessed from the National Stock Exchange shows. The employee stock under ESOP plan 2024 will be vested after 4 years from the date of granting. According to Entrackr estimates, the new ESOP plan is worth Rs 1,931 crore or $233 million. The above-passed resolution is subject to shareholders approval. PB Fintech has posted Rs 1,010 crore of revenue during the first quarter of the ongoing fiscal year with a steady profit that stood at Rs 60 crore. The firm also showcased robust financial growth with a 34.4% year-on-year revenue increase to Rs 3,438 crore in FY24. Meanwhile, it also turned profitable with Rs 64 crore in the last fiscal year. The ESOP approval was followed by impressive growth in the share price. The firm touched its 52-week high share price of Rs 1,763 on August 20. The company is currently trading at 1,694 (as of 15.37 today) with a total market capitalization of Rs 77,252 crore ($9.3 billion). Last month, the food tech major Zomato also received a shareholder’s nod for its new ESOP plan worth Rs 3,800 crore or $458 million, tallying its total ESOP pool worth $788 million. Among the public companies, Nykaa and TBO Tek also increased their ESOP pool in 2024.

Swiggy allots shares worth Rs 30 Cr under ESOP scheme

YourStory

YourStory · 6m ago

Swiggy allots shares worth Rs 30 Cr under ESOP scheme

Swiggy announced the allotment of 8.64 lakh equity shares under the Swiggy ESOP Plan 2021, totaling over Rs 30 crore based on the stock's NSE closing price of Rs 355. This follows a recent allotment of 1.71 crore shares under its ESOP 2015 and ESOP 2021 programs. Including a previous allotment in January, Swiggy has issued 5 crore shares this year. This move aligns with similar strategies by companies like Nykaa and Paytm.

Swiggy’s IPO to unlock Rs 9,000 crore in Esop wealth for 5,000 employees

Economic Times

Economic Times · 10m ago

Swiggy’s IPO to unlock Rs 9,000 crore in Esop wealth for 5,000 employees

Swiggy's upcoming IPO is set to unlock around Rs 9,000 crore in Esop wealth for about 5,000 current and former employees. Approximately 500 employees are expected to become millionaires through this public offering. Swiggy has already distributed Rs 500 crore in Esops, and the IPO is likely to significantly increase returns for employee shareholders. The founders and top management of Swiggy have also been allocated significant Esop worth nearly Rs 2,600 crore in the latest stock ownership plan. This IPO is one of the largest wealth creation events in India's startup ecosystem and the biggest technology firm public offering since Paytm in 2019.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Aug 2025

Build. Comply. Fund. Fly.

Crypto to INR payments app for Indians

Your CV, Done Right.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

GST 'fraud': MNCs gained from fak ...

Exclusive: Lighthouse-backed Duro ...

US tariffs to shear 5-10% off hom ...

Download the medial app to read full posts, comements and news.