Swiggy’s IPO likely to create 500 crorepatis; 5,000 employees set to earn Rs 9,000 crore in total

Swiggy’s IPO, scheduled to debut on November 13, is expected to create substantial wealth for its employees. The food and grocery delivery giant’s IPO is anticipated to be one of the largest wealth-generating events in India’s startup landscape, with around 500 employees projected to join the ‘Crorepati’ Club through this offering. The IPO will unlock Rs 9,000 crore in employee stock options (ESOPs), marking a significant milestone in wealth creation. With this move, Swiggy is positioned as a major player in India’s startup ecosystem, following in the footsteps of companies like Flipkart.