Swiggy’s IPO to unlock Rs 9,000 crore in Esop wealth for 5,000 employees

The public listing of Swiggy’s shares on Wednesday is poised to unlock Rs 9,000 crore worth of employee stock option plans and catapult nearly five hundred employees at the food delivery company into the ‘crorepati’ league, people aware of the details told ET. An estimated five thousand employees of the Bengaluru-headquartered firm-both current and former — stand to gain from one of the largest wealth creation exercises in India’s startup sector.