🚀 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's top executives get ₹2,240 crore in ESOPs ahead of IPO

Inshorts · 10m ago

Swiggy's top executives get ₹2,240 crore in ESOPs ahead of IPO

Swiggy has awarded employee stock options (ESOPs) worth $270 million (₹2,240 crore) to its top executives ahead of IPO, reports said. CEO Sriharsha Majety, who previously owned 6.23% of Swiggy, has been given an additional 2.3% stake. Co-founders Nandan Reddy and Phani Kishan Addepalli, food marketplace CEO Rohit Kapoor, and Instamart CEO Amitesh Jha have also been awarded new shares.

Related News

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

Economic Times

Economic Times · 9m 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.

B’luru Court Bars Swiggy From Alienating Terminated Exec's ESOP

Inc42 · 9m ago

B’luru Court Bars Swiggy From Alienating Terminated Exec's ESOP

Swiggy, the foodtech major, has been restrained by the court from disposing of stock options of a former executive. The executive, Arun Cyril, challenged his termination and the cancellation of his ESOPs. This comes after Swiggy's recently concluded IPO was oversubscribed 3.59 times.

Swiggy’s FY23 revenue grows 45% to Rs 8,265 crore; net loss stands at Rs. 4179 crore.

Economic Times

Economic Times · 1y ago

Swiggy’s FY23 revenue grows 45% to Rs 8,265 crore; net loss stands at Rs. 4179 crore.

Food and grocery-delivery firm Swiggy reported a 45% jump in operating revenue for fiscal year ended March 2023 to Rs 8,265 crore. However, its net loss expanded 15% to Rs 4,179 crore. Swiggy's expenses in FY23 totaled Rs 12,884 crore, up 34% from the previous year. Marketing expenses accounted for 28% of operating revenue, compared to 44% in FY22. Swiggy is implementing cost-cutting measures and aims to achieve profitability ahead of its planned IPO.

Swiggy’s Rs 10,000-crore issue second-largest among new-age IPOs since Paytm: key things to know

Economic Times

Economic Times · 11m ago

Swiggy’s Rs 10,000-crore issue second-largest among new-age IPOs since Paytm: key things to know

Swiggy, a food and grocery delivery company, has filed draft papers with capital markets regulator Sebi for a Rs 10,000-crore ($1.3 billion) initial public offering (IPO). The IPO will consist of a fresh issue of equity shares worth Rs 3,750 crore and an offer for sale of 18.52 crore equity shares by existing shareholders. Swiggy's IPO is set to be the largest among new-age companies, following Paytm's Rs 18,300 crore listing. The funds raised from the IPO will be used to expand Swiggy's quick commerce operations, specifically to boost its dark store network.

Swiggy Changes Its Registered Name Ahead Of IPO

Inc42 · 1y ago

Swiggy Changes Its Registered Name Ahead Of IPO

Swiggy, the Indian food delivery giant, is changing its registered name from Bundl Technologies Private Limited to Swiggy Private Limited, ahead of its planned IPO later this year. The name change aims to establish better identification with Swiggy's core brand. However, the name change is subject to the approval of the Registrar of Companies. The IPO, expected to be one of the largest for a tech company, is anticipated to have a size of $1 billion. Swiggy's rival, Zomato, has reported three consecutive profitable quarters in the current financial year.

IPO-bound Swiggy shrugs off plans on doubling platform fee in near term

Inc42 · 1y ago

IPO-bound Swiggy shrugs off plans on doubling platform fee in near term

Swiggy has denied reports of doubling its platform fee on food orders, stating that it has no such plan for the near future. Speculations were rife that the food delivery aggregator would increase the fee from INR 5 to INR 10 to offset losses ahead of its upcoming IPO. The company clarified that it constantly experiments with offerings to understand user preferences and improve affordability. Swiggy's archrival, Zomato, recently raised its platform fee from INR 3 to INR 4. Swiggy's IPO is anticipated to take place in mid-2024.

Top VCs from Saama, Elevation settle Paytm disclosure lapse case with SEBI

VCCircle

VCCircle · 7m ago

Top VCs from Saama, Elevation settle Paytm disclosure lapse case with SEBI

Top executives from Saama Capital, Elevation Capital, and Venture Highway, as well as Shardul Amarchand Mangaldas & Co, settled with SEBI over misrepresentation in Paytm parent One97 Communications Ltd's IPO filings. SEBI issued notices to these executives for approving incomplete disclosures benefiting Paytm's founder Vijay Shekhar Sharma. Those involved, including Elevation Capital's Ravi Chandra Adusumalli and Saama Capital's Ashit Ranjit Lilani, paid Rs 3.32 crore. SEBI questioned founder Sharma's 'public shareholder' classification during the IPO.

Swiggy ups primary share sale to Rs 4,499 crore in IPO, cuts secondary share sale

Economic Times

Economic Times · 10m ago

Swiggy ups primary share sale to Rs 4,499 crore in IPO, cuts secondary share sale

Swiggy has filed its red herring prospectus with SEBI for its Rs 11,300 crore IPO, increasing its primary fundraise to Rs 4,499 crore. The offer for sale window has been reduced to 175.1 million shares. Prosus, the largest investor in Swiggy, has decreased its divestment to 109.1 million shares. Swiggy's IPO price band is expected to be announced soon, with reports suggesting a range of Rs 371-390 per share. The IPO has attracted interest from global and domestic investors. Zomato, Swiggy's rival, has also received approval for a Rs 8,500 crore QIP.

Swiggy grants Rs 150 crore worth of stock options to employees

IndianStartupNews

IndianStartupNews · 1m ago

Swiggy grants Rs 150 crore worth of stock options to employees

Swiggy has granted approximately Rs 150 crore worth of employee stock options (ESOPs) under the "Swiggy Employees Stock Option Plan 2024," as approved by its Nomination and Remuneration Committee. These 3,886,049 stock options, each convertible into one equity share, are available to eligible employees in compliance with SEBI regulations. This follows a previous Rs 443 crore grant, totaling nearly Rs 600 crore in employee stock incentives for the year, amid Swiggy's diversification efforts and financial growth.

Firstcry, Ola Electric IPOs to build a club of super-rich

Livemint

Livemint · 1y ago

Firstcry, Ola Electric IPOs to build a club of super-rich

Top executives of Ola Electric and Firstcry are set to make significant gains from their companies' upcoming IPOs, according to an analysis of their draft red herring prospectus. The top 10 leaders of Ola Electric could collectively make around ₹16,792 crore, with CEO Bhavish Aggarwal's stake alone valued at over ₹16,000 crore. Meanwhile, the top 10 leaders of Firstcry stand to make at least ₹2,467 crore in the IPO. These figures are based on the companies' valuations in their last funding rounds. Both companies are awaiting approval from the Securities and Exchange Board of India (Sebi) for their IPOs.

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

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Elon Musk’s xAI published hundred ...

Blinkit offers parental controls, ...

'Gaming apps designed in a way us ...

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