500 Swiggy staffers to turn crorepatis

Quick Summary:

Around 500 Swiggy employees are set to become crorepatis as the food delivery platform prepares for its stock market debut.

The IPO is expected to create an Rs 8,690-crore windfall through ESOPs, benefiting 5,000 current and former employees.

This move follows similar successful ESOP buyback schemes by companies like Flipkart and Freshworks.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaIsraelOmanSingapore

Topics: Swiggy ESOP buyback scheme Bengaluru startups E-commerce growth Crorepati Public offering Swiggy IPO Flipkart employees windfall Employee stock ownership plan Wealth creation in India

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 03:46:35 (13 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 515 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23559706

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 27 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 53 minutes ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #28

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