CosmicTaco
CosmicTaco

Swiggy Founder Receives $200M ESOP Package Pre-IPO

  • Swiggy founder, Sriharsha Majety, has been awarded a fresh package of stock options worth over $217 million ahead of the company's IPO.
  • This ESOP package will increase Majety's shareholding by 2-2.3%.
  • Other top executives and employees were also granted stock options, with the total package worth $380 million.
  • The vesting period for these options ranges from 1-8 years.
  • If Swiggy's IPO is valued at $12 billion, Majety's stake could be worth over $720 million.

Source: The Arc

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Time to change his name to Sriharsha Majesty

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