10.2 C
London
Wednesday, September 28, 2022

Swiggy Launches $23 Million ESOP Liquidity, All Employees Are Now Eligible

Must read

How to turn your problems into rewarding opportunities

Opinions expressed by londonbusinessblog.com contributors are their own. Many entrepreneurs are good at spotting problems, but few master the skill to turn their problems into...

Who is Steven R. McQueen? Age, Height, Female, Gay, Net Worth

Steven R. McQueen Wiki Bio Steven R. McQueen was born in Los Angeles, California, USA on July 13, 1988 – his zodiac sign is Cancer...

Who is Salem Ilese? Wiki, Age, Height, Net Worth, Boyfriend, Ethnicity, Career

Salem Ilese is a teenage musician who gained fame through the internet. She belongs to the category of artists who can create space...

Never-Before-Heard Facts About Angela Stacy: Actor Matt Lanter’s Beauty Blogger Wife

Angela Stacy, known today as Angela Lanter, is a full-time blogger and influencer. This Nashville-born blogger also has a YouTube channel where she...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Online food delivery platform swiggy on Thursday said its employees will have the option to receive cash of up to $23 million at their expense employee share ownership plansESOPs



Swiggy announced the next round of ESOP liquidity to be held in July 2023.

This empowers employees with ESOPs to create wealth in addition to brand growth and success, the company said in a statement.

Discover the future of SaaS in India

The 6-part video series will capture the vision of Indian SaaS leaders and highlight the potential for the industry in the decades to come.Look on request
Our Speakers

Girish Mathrubootham
Brian E. Taptich

“We are pleased to see the wealth created for employees by the recent ESOP liquidity event,” said Girish Menon, head of HR at Swiggy.

“To take this further, we are excited to now extend the ownership opportunity Swiggy ESOPs to all employees through our build your own dollar (BYOD) program,” he added.

Under the BYOD program, Swiggy employees across the company can choose to invest in ESOPs previously offered to employees above a certain grade and/or based on performance.

The BYOD program is now open to all permanent Swiggy employees, the company said.

Founded in 2014, Swiggy connects consumers with more than 2,000,000 restaurant partners and stores in more than 500 cities.

The fast shopping service Instamart is present in 29 cities. In December 2021, Swiggy announced it was pumping $700 million into Instamart.

Last month Swiggy . bought Dining outa tech platform for dining out and restaurants, for nearly $200 million.

ALSO SEE:
Officer’s Choice maker submits ₹2,000 cr IPO for more people reaching alcohol eligibility age

It could be slowdown, not stagflation – and it’s better for stock markets

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

How to turn your problems into rewarding opportunities

Opinions expressed by londonbusinessblog.com contributors are their own. Many entrepreneurs are good at spotting problems, but few master the skill to turn their problems into...

Who is Steven R. McQueen? Age, Height, Female, Gay, Net Worth

Steven R. McQueen Wiki Bio Steven R. McQueen was born in Los Angeles, California, USA on July 13, 1988 – his zodiac sign is Cancer...

Who is Salem Ilese? Wiki, Age, Height, Net Worth, Boyfriend, Ethnicity, Career

Salem Ilese is a teenage musician who gained fame through the internet. She belongs to the category of artists who can create space...

Never-Before-Heard Facts About Angela Stacy: Actor Matt Lanter’s Beauty Blogger Wife

Angela Stacy, known today as Angela Lanter, is a full-time blogger and influencer. This Nashville-born blogger also has a YouTube channel where she...

Europe blames sabotage on Russian pipeline explosions

Sabotage was behind underwater explosions that spewed gas from two major pipelines connecting Europe and Russia, Western leaders agreed on Wednesday. The question...