Swiggy starts ESOP liquidity programme worth $23 mn, expands offering

 Swiggy the food delivery joint secreted its first milestone as a part of its two year esop employee stock owner ship plan(ESOP) liquidity program as part of the plant employee stock ownership plan liquidity program in 2022 about 900 swiggy employees are eligible to have an option to receive liquidity of up to rupees 23 million dollars against there employees stock ownership plan. Swiggy to hold the next round of employee stock ownership plan on July of 2023 . This allows employee holding employee stock ownership plan to create wealth alongside the growth and success of the brand. "Rewarding employees by creating wealth opportunities is one of a priorities at swiggy" said Girish menu head of HR it's swiggy "we are happy seeing to wealth creation created for employees from the recent esop liquidity event".

Swiggy which is Bangalore based has around 5000 employees. Swiggy rolled out a new program built your own dollar BYOD furthering its commitment for the two year esop liquidity program Varun walkers across the firm can choose to invest in swiggy Esops. Earlier it was only offer to employees above a certain grade or based on the performance. Built your own dollar is now open to all permanent employees of swiggy. "Taking this further we are delighted to now extend the opportunity to own swiggy esobs to all employees through our BYOD program" said Menon" we are committed to any bling every employee to potentially grain from a growth and success".