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Around 70 former and current Swiggy employees stand to make over โน8.5 crore each ($1 million) with Swiggy's IPO, making them dollar millionaires, Moneycontrol reported. These 70 people are part of a wider group of 5,000 employees jointly earning โน9,000 crore via ESOP payouts. Swiggy shares debuted on NSE and BSE at premiums of 7.7% and 5.6%, respectively, on Wednesday.
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Swiggy shares list at โน420 on NSE, opening 7.7% above IPO price in a highly anticipated debut Swiggy's IPO debuted at โน420 on NSE, up 7.7% from its issue price. The IPO was oversubscribed 3.59 times, attracting significant interest from institutiona
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As the labour department received many emails from former Byju's employees regarding full and final settlements, Karnataka Labour Minister Santosh Lad met representatives of the troubled edtech firm and urged them to settle outstanding dues owed to f
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Unique Startup Stories (11/20) Meet Skillmatics, an educational toy company funded by "Sequoia Capital". ABOUT IT โข It was founded in 2016, by Devanshi Kejriwal and Dhvanil Sheth in Mumbai. โข It creates educational games for children in pre-school
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Rapido announces first ESOP liquidity program Ride-hailing firm Rapido has announced its first-ever Employee Stock Ownership Plan (ESOP) liquidation program for its current and former employees. Through this initiative, employees are eligible to
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Top News of the Day: 1. Zetwerk, a startup, is planning to raise $1 billion through an initial public offering (IPO) after engaging in talks with JP Morgan 2. Apple Inc plans to increase its iPhone production volume to 32% and its production value
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Top News of the day: 1. British International Investment (BII) has invested $100 million in ReNew Energyโs solar manufacturing unit in India 2. India is projected to have 123 million electric vehicles (EVs) on the roads by 2032 in a best-case scena
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BIOGRAPHY OF VISHAL MART FOUNDER Ram Chandra, A handicapped who sell Vishal Mega Mart in 70 cr now owns Rs1000 crore company. He was disabled since birth, began his life with a small business and opened a photostat shop in 1986, where he earned only
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The world's largest hotel chain owns zero hotels โ yet generates over โน10,000 crore from India alone. Here's how Marriott turned hospitality into a fee-collection business โคต๏ธ i). Marriott owns 'virtually nothing' in India. No land, no buildings, no
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Top News Of the Day: 1. Tesla plans to lay off 6,020 employees in Texas and California as part of its strategy to address slowing demand and falling margins. 2. Boba Bhai,a quick-service restaurant (QSR) brand focused on bubble tea and other food
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