Private EquityScreenerRefer

MARKET INSIGHTS

  • EventsNEWPrivate market milestones
  • NewsPrecize daily pulse
  • BlogsIn-depth articles and opinions

GUIDES

Explore Now
  • Unlisted SharesStep-by-step · KYC
  • BuyingStep-by-step · KYC
  • SellingExit in 24 - 48 hours
  • Pre-IPOReturns · risks · case studies
  • Tax GuideBudget 2026 changes
  1. Home
  2. Unlisted share news
  3. Swiggy Awards USD 270 Mn in ESOPs to CEO and Top Executives Ahead of IPO

Swiggy Awards USD 270 Mn in ESOPs to CEO and Top Executives Ahead of IPO

9 Oct 2024

Add as preferred source
Key Takeaways

Swiggy’s ESOPs strengthen executive motivation, ensuring robust performance leading to a successful public debut.

Swiggy’s ESOPs strengthen executive motivation, ensuring robust performance leading to a successful public debut.

Swiggy

Swiggy

0.00%

Expert Analysis

Swiggy Awards $270 Million in ESOPs to Executives Ahead of Anticipated IPO.

Expert Analysis:

  • ESOP Allocation: Swiggy grants ESOPs worth USD 270 million (approximately INR 2,240 crore) to top executives, including CEO Sriharsha Majety.

  • Executive Stakes Rise: Majety's ownership in Swiggy increased from 6.23% to 8.53% due to ESOP allocation. 

  • Industry Practice: Offering ESOPs to top executives before an IPO is common; for instance, Zomato gave co-founder Deepinder Goyal an extra 4% stake in 2021 to motivate performance and align interests with long-term success.

Publisher:Entrepreneur.india