Today marks a major milestone for Swiggy and its dedicated employees as the company’s much-anticipated Initial Public Offering (IPO) is set to create nearly 5000 new crorepatis. This historic event will distribute a total of ₹9,000 crore among 5,000 long-serving employees, with each employee set to receive at least ₹1 crore. From delivery agents to senior leaders, this is a significant win for the entire team that has contributed to building Swiggy from the ground up.
One of the most remarkable aspects of this IPO is that it represents one of India’s biggest Employee Stock Option (ESOP) payouts. Swiggy’s ESOP payout ranks among the largest in the country’s startup ecosystem. Previously, Flipkart had set a high bar with its ₹5,800 crore ESOP payout in July 2023, benefiting thousands of current and former employees. Swiggy’s IPO surpasses this milestone, showcasing the company’s commitment to rewarding its employees’ hard work and dedication.
This IPO is more than just a financial event; it is a celebration of Swiggy’s culture and the belief that when teams thrive, the whole company rises. The company’s approach to employee empowerment and recognition is evident in this substantial payout. Swiggy’s leadership recognizes the invaluable contributions of its employees and aims to foster a sense of ownership and pride among them.
The success of Swiggy’s IPO could inspire a new wave of employee empowerment in India’s startup scene. By setting a precedent for substantial ESOP payouts, Swiggy has demonstrated the importance of valuing and rewarding employees. This move may encourage other startups to adopt similar practices, creating a positive ripple effect across the industry. As Swiggy continues to grow and innovate, its commitment to its employees will undoubtedly remain a cornerstone of its success.