Swiggy Launches ESOP Liquidation Program As Pandemic Impact On Business Subsides

Swiggy Launches ESOP Liquidation Program As Pandemic Impact On Business Subsides

SUMMARY

Swiggy has initiated an ESOP liquidation program worth around $7-9 Mn to reward its employees as the food delivery business is making a recovery to pre-Covid levels

Social commerce platform Meesho has announced an ESOP buyback program worth around $5 Mn

Several Indian startups such as Unacademy, Zerodha, CarDekho, BharatPe, Vy Capital and Mobile Premier League have announced ESOP buybacks this year

Bengaluru-headquartered Indian foodtech unicorn Swiggy has initiated an ESOP liquidation program worth around $7-9 Mn (INR 51-66 Cr), to reward its employees as the food delivery business is making a recovery to pre-Covid levels. 

Girish Menon, vice president of Human Resources at Swiggy said that as the food delivery business makes a recovery and “the future continues to look promising, we want to reward our team that has worked relentlessly over the last many months with a meaningful wealth creation opportunity through an ESOP liquidity program.”

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