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

Economic Times · 5m

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.