Highlights

All Swiggy employees with stock options will be eligible to participate
Tata Digital set the offer to attract and retain the top talent from the startup community

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Swiggy to Tata Digital: ESOP bonanza for employees this festive season

Name: Swiggy to Tata Digital: ESOP bonanza for employees this festive season
Uploaded: 2021-10-07T09:37:59.000+05:30
Duration: T00M41S
Channel: Editorji News Desk
Description: In a move aimed at motivating employees and a source of wealth creation, Swiggy has announced an organisation-wide ESOP liquidity program for the stock option holders among its employee base The Bengaluru-based food deliv...

Swiggy's program will be worth between $35 million and $40 million, based on Swiggy’s current valuation of US$5.5 billion

Updated: Sep 02, 2022 10:53

Editorji News Desk

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Swiggy to Tata Digital: ESOP bonanza for employees this festive season

It may be a share bonanza for employees of startups this festive season as Swiggy and Tata Digital are looking at ESOP plans to retain and woo employees.

The Bengaluru-based food delivery platform Swiggy said employees will be able to tender shares they hold in the company twice over the next two years. The entire exercise worth $35-40 million, pegged to its current valuation of $5.5 billion.

Also watch: Freshworks mega debut on Nasdaq; Indian SAAS startup creates 500 crorepatis in a first of a kind listing

Tata Digital, which houses consumer-centric digital businesses for the billion dollar conglomerate may offer employee stock ownership plan (ESOP) to all its employees in a bid to attract and retain good talent reports ET.

Recently startup Freshworks created 500 crorepatis from it's Nasdaq listing due to it's large ESOP program.

Frequently Asked Questions

What is an ESOP?❯

An ESOP stands for Employee Stock Ownership Plan. It is a plan that allows employees to own shares of the company they work for, which can lead to potential wealth creation and motivation.

What are the key details of Swiggy's ESOP plan?❯

What is the value of Tata Digital's potential ESOP plan?❯

What recent event is used as an example of the benefits of ESOPs?❯

What is the current valuation of Swiggy?❯