Swiggy will allow ESOP liquidation in 2022, 2023

Bengaluru: Swiggy will have an ESOP liquidity programme in 2022 and 2023. Girish Menon, HR head at Swiggy, described it as an industry-first initiative, and said the company is “democratising wealth creation by enabling all our ESOP holding employees to participate in our committed liquidity events in 2022 and 2023.” He said that by giving employees visibility on the ESOP liquidity, “Swiggsters hold the option and flexibility to plan their cash flow and investments.”The entire exercise is expected to be worth $35-$40 million at the company’s current valuation of $5.5 billion. All employees holding ESOPs are eligible for participation. “As Swiggy grows, we want our team to grow with us, and enjoy the fruits of their hard work and valuable contributions,” Menon said.