Swiggy announces $35-40 million liquidity program for employee stock options
Food delivery platform Swiggy is the same nowadays it'll enable staff to benefit stock choices value $35-40 million over the future 2 years -- in July 2022 and 2023.
Food delivery platform Swiggy is the same nowadays it'll enable staff to benefit stock choices value $35-40 million over the future 2 years -- in July 2022 and 2023.
The program is pegged at $35-40 million at Swiggy’s $5.5 billion valuations following its $1.25 billion funding spherical in July, in keeping with business sources. All staff with stock choices are eligible to participate. the worth of the stock choices can increase in tandem bicycle with the company’s valuation.
ET rumored on Gregorian calendar month twenty-eight that the corporate was finalizing brand new funding spherical of concerning $500-600 million, that is probably going to be junction rectifier by the USA plus manager Invesco at a valuation of $10 billion.
Girish Menon, head of human resources at Swiggy, said, “As Swiggy grows, we wish our team to grow with the USA and revel in the fruits of their toil and valuable contributions. this is often associate with industry-first initiatives whereby we have a tendency to ar democratizing wealth creation by sanctioning all staff with stock choices to participate in liquidity events. a lot of significantly, by giving them visibility on the liquidity program, [we are giving them] the pliability to set up their income and investments.”
Girish Menon, head of human resources at Swiggy, said, “As Swiggy grows, we wish our team to grow with the USA and revel in the fruits of their toil and valuable contributions. this is often associate with industry-first initiatives whereby we have a tendency to ar democratizing wealth creation by sanctioning all staff with stock choices to participate in liquidity events. a lot of significantly, by giving them visibility on the liquidity program, [we are giving them] the pliability to set up their income and investments.”
