Swiggy grants 1.28 Cr options under ESOPs

Swiggy, one of India's leading online food delivery platforms, has granted Employee Stock Ownership Plans (ESOPs) worth ₹400 crore, primarily targeting employees within its rapidly expanding quick-commerce vertical, Instamart. This significant ESOP grant serves as a powerful tool to incentivize and retain talent within Swiggy's quick-commerce business, which is operating in a highly competitive and fast-growing market segment. By providing employees with ownership stakes in the company's success, Swiggy aims to align their interests with the overall growth and performance of Instamart and foster a strong sense of ownership and commitment.