Startup Story Team
In a strategic move to retain top talent and boost internal motivation, Swiggy has granted ₹150 crore worth of stock options to its employees. The Bengaluru-based food tech company made the announcement as part of its continued efforts to recognize employee contributions and align their growth with the company’s long-term success.
What Are ESOPs and Why Do They Matter?
Employee Stock Option Plans (ESOPs) allow employees to own a stake in the company they work for. It’s a popular tool used by startups and large tech firms alike to incentivize loyalty and reward performance. For Swiggy, which is on a fast track to a potential IPO, this grant gives employees a chance to benefit from future valuation growth.
Who’s Getting the Stock Options?
The stock options have been allocated to both current and former employees under Swiggy’s Employee Stock Option Plan (ESOP) 2018 and Management Stock Option Plan (MSOP) 2021. This includes staff members from various departments-not just the executive suite-highlighting Swiggy’s inclusive approach to employee wealth creation.
Swiggy’s Bigger Picture: IPO and Beyond.
Swiggy has been gearing up for a public listing, and this ESOP grant is a strong signal of the company’s preparation to go public. By offering stock to employees, Swiggy ensures that as the company grows in value, its team benefits too. It’s a win-win scenario that fosters long-term thinking and retention.
Why This Move Matters in the Startup Ecosystem:
At a time when several startups are facing funding challenges or downsizing, Swiggy’s move stands out. It shows confidence in its growth and a people-first mindset. Rewarding employees with ownership is not just a financial strategy-it’s a cultural one that builds loyalty and drives innovation.
