Swiggy Allots ESOPs Worth INR 1,748 Cr To Founder Sriharsha Majety Pre-IPO

Swiggy has allotted ESOPs worth INR 1,748 crore to its founder, Sriharsha Majety, ahead of its planned IPO. The allocation is part of Swiggy’s strategy to retain key talent and incentivize leadership as the company prepares for its public listing. The ESOPs are expected to align the interests of the founder with the long-term goals of the company. This move underscores the importance of employee stock ownership plans in attracting and retaining top talent in the competitive food delivery industry. Swiggy’s upcoming IPO is anticipated to be one of the largest in the Indian startup ecosystem.