Get the app
News Discussion
News Discussion
on
CosmicTaco
CosmicTaco
Grapevine

Swiggy Founder Receives $200M ESOP Package Pre-IPO

  • Swiggy founder, Sriharsha Majety, has been awarded a fresh package of stock options worth over $217 million ahead of the company's IPO.
  • This ESOP package will increase Majety's shareholding by 2-2.3%.
  • Other top executives and employees were also granted stock options, with the total package worth $380 million.
  • The vesting period for these options ranges from 1-8 years.
  • If Swiggy's IPO is valued at $12 billion, Majety's stake could be worth over $720 million.

Source: The Arc

Post image
10mo ago
Jobs
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑
+322 new users this month
PeppyWaffle
PeppyWaffle
L.E.K. Consulting10mo

Time to change his name to Sriharsha Majesty

Discover more
Curated from across
News Discussion
News Discussion8mo
by CosmicTacoGrapevine

Swiggy's IPO to Generate $1 Billion for 5,000 Employees

  • Swiggy's upcoming IPO is set to create over $1 billion in wealth for nearly 5,000 current and former employees.
  • The company has around 230 million ESOPs across three schemes, worth $1.06 billion at the upper end of the IPO price ban...
Post image
Top comments
user

Lol wtf was that notification, i thought 1B per person

user

upcoming IPO? The IPO has been closed on 8th itself & allotted on 11th Nov. Lists tomorrow