 "Swiggy")
Swiggy and its Board have decided to institute a one-of-its-kind programme that will let employees holding Employee Stock Ownership Plan (ESOP) participate in two distinct liquidity events in the next two years, in July 2022 and July 2023.
The entire exercise is expected to be worth $35-40 million at the company’s current valuation.
The programme will be open to all employees holding ESOPs.
Swiggy in July closed a $1.25 billion financing round led by SoftBank Vision Fund 2 and Prosus, taking its post-money valuation to $5.5 billion.
Employees will benefit from any potential value increase at the time of the
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