Swiggy starts ESOP liquidity programme worth $23 mn, expands offering

Food delivery firm Swiggy said on Thursday it has reached its first milestone in implementing a two-year ESOP (employee stock ownership plan) liquidity programme. About 900 Swiggy employees are eligible for this, according to sources.

Swiggy employees will this year have the option to receive liquidity of up to $23 million against their ESOPs. The next round of liquidity will be in July 2023. “Rewarding employees by creating wealth opportunities is one of our priorities at Swiggy,” said Girish Menon, head of HR at Swiggy. “We are happy seeing the wealth created for employees from the recent ESOP liquidity event.”