Food delivery and quick commerce platform, Swiggy has issued new employee stock options (ESOP) grants totaling Rs 150 crore ($17.5 million).
Swiggy Limited has granted 38.86 lakh stock options under the ESOP 2024 plan, according to NSE filings. At the current market price of Rs 385.3 per share, the grant is worth approximately Rs 150 crore.
Key Highlights
- Swiggy allotted 38.86 lakh stock options under ESOP‑2024 plan, expanding ESOP grant to ₹150 crore.
- Fresh ESOP grant aims to motivate staff amid rapid expansion into travel and quick‑commerce segments.
According to the disclosure, the stock options have an exercise price of Rs1 each and will convert into one fully paid-up equity share upon vesting. They can be exercised at any time after the vesting period ends, up until the company is liquidated.
Swiggy's latest development comes a month after it launched Crew, a new app for travel concierge and lifestyle management. In April of this year, the Bengaluru-based company announced new employee stock options under its ESOP plan 2024 for eligible employees totaling Rs 443.4 crore (approximately $52 million).
Also Read: Flipkart Unveils $50 Million ESOP Opportunity For Employees
Swiggy's losses increased 95% year on year to Rs 1,081 crore in the fourth quarter of FY25, despite revenue rising 45% to Rs 4,410 crore. Revenue for the fiscal year totaled Rs 15,227 crore. In contrast, rival Zomato remained profitable at Rs 39 crore in the fourth quarter of the previous fiscal year (Q4FY25), while Zepto reduced its losses to Rs 1,248 crore in FY24.
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