IPO-bound Swiggy floats a $65 million ESOP liquidity programme

On-demand convenience platform Swiggy announced its fifth Employee Stock Ownership Plan (ESOP) liquidity programme on Monday, ahead of its Initial Public Offering (IPO) slated for later this year. As part of this initiative, Swiggy employees across various levels and functions will have the option to receive liquidity of up to $65 million (over Rs 540 crore) for their ESOPs.