Swiggy, the food delivery giant, has begun the second tranche of its employee stock ownership plan (ESOP) liquidity program. The program will allow eligible employees to sell up to $50 million worth of their vested ESOPs.
The second tranche of the ESOP liquidity program is open to employees who have been with Swiggy for at least three years. The program will be open for a period of six months, starting from July 2023.
The ESOP liquidity program is a way for Swiggy to reward its employees and give them a stake in the company’s future. The program also helps to retain employees and attract top talent.
“We are excited to launch the second tranche of our ESOP liquidity program,” said Sriharsha Majety, CEO of Swiggy. “We believe that this program is a great way to reward our employees and give them a stake in the company’s future.”
“The ESOP liquidity program is a great way for employees to realize the value of their vested ESOPs,” said Rahul Jaimini, CFO of Swiggy. “We are confident that this program will be well-received by our employees.”
The ESOP liquidity program is a significant development for Swiggy. It is a sign that the company is committed to rewarding its employees and giving them a stake in the company’s future. The program is also expected to help Swiggy retain employees and attract top talent.