Swiggy announces 5th ESOP liquidity programme worth USD 65 mn

New Delhi, July 15, 2024.

On-demand convenience platform Swiggy on Monday said it has announced its fifth ESOP liquidity programme giving options to employees across levels and functions to receive liquidity of up to USD 65 million (over Rs 540 crore).

This is the fifth liquidity event for Swiggy since 2018, and the third consecutive event after July 2022 and 2023, the company said in a statement.

“So far, the company has cumulatively enabled over Rs 1,000 crore of ESOPs liquidity over the five events, benefitting over 3,200 employees,” it said.