Swiggy employees can get up to $23 million in ESOPs

Food delivery giant Swiggy will be able to receive up to $23 million in ESOPs as part of its planned ESOP liquidity program in 2022, according to the company's employees. The next round of ESOP liquidity will be held in July 2023, according to the company.

Swiggy said that this will allow employees holding ESOPs to create wealth alongside the growth and success of the brand. Swiggy has rolled out a new program called Build Your Own Dollar BYOD, which allows the company's employees to invest in Swiggy's ESOPs. ESOPs were previously offered to employees above a certain grade and based on performance. Swiggy's BYOD program is now open to all permanent employees.

According to Girish Menon, Head of HR at Swiggy, said that Rewarding employees by creating wealth opportunities is one of our priorities at Swiggy. We are happy to see the wealth created for employees from the recent ESOP liquidity event. We are delighted to be able to extend the opportunity to own Swiggy ESOPs to all employees through our BYOD program. We want to enable everyone to benefit from our growth and success. In May, the food delivery giant announced the acquisition of Dineout, a restaurant tech platform from Times Internet.

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