Swiggy Announces Fifth ESOP Liquidity Programme, Benefiting Employees

Swiggy revealed its fifth ESOP liquidity programme, worth USD 65 million, offering liquidity to employees across different levels. This initiative has benefited over 3,200 employees since 2018. HR Head, Girish Menon, highlighted that this event acknowledges employee contributions and aligns incentives for collaborative excellence.

On Monday, on-demand convenience platform Swiggy announced its fifth ESOP liquidity programme, providing liquidity options worth up to USD 65 million (over Rs 540 crore) to employees across various levels and functions.

This marks Swiggy's fifth liquidity event since 2018, and the third consecutive event following July 2022 and 2023, according to a company statement.

To date, the company has facilitated over Rs 1,000 crore of ESOP liquidity through these five events, benefiting more than 3,200 employees, the statement added.

Swiggy's Head of HR, Girish Menon, stated that the latest Employee Stock Ownership Plan (ESOP) event recognizes employees' contributions and underscores the company's commitment to sharing its success and growth with them as Swiggy nears its ten-year milestone.

Menon further emphasized that employee share ownership aligns incentives and fosters a focus on collaborative excellence, creating a virtuous cycle the company deeply values.