Swiggy Dishes Out Rs 150 Crore in Stock Options, Doubling Down on Employee Ownership

Key Highlights

 

Swiggy, one of India’s leading food delivery and quick commerce platforms, has granted fresh employee stock options (ESOPs) worth Rs 150 crore (approximately $17.5 million) as part of its ongoing 2024 ESOP plan. This move, approved by Swiggy’s Nomination and Remuneration Committee on July 11, 2025, underscores the company’s commitment to rewarding and retaining talent amid rapid business expansion and intensifying competition.

 

Details of the Grant

 

Swiggy has allotted 3,886,049 stock options to eligible employees across the company and its subsidiaries. Each option is convertible into one fully paid-up equity share of face value Rs 1, at an exercise price of just Rs 1 per share.

 

The ESOPs can be exercised any time after the vesting period, up until the company’s liquidation, provided the employee remains in service. For those who exit Swiggy, options may be exercised within 36 months of leaving.

 

At Swiggy’s closing share price of Rs 385.10 on July 11, the total value of the new options stands at Rs 150 crore.

 

This is the second major ESOP grant this year, following a Rs 443 crore allocation in April, bringing Swiggy’s total ESOP awards in 2024 to nearly Rs 600 crore.

 

Strategic Context

 

The grant comes as Swiggy diversifies beyond food delivery, recently launching Crew, a travel and lifestyle concierge app, and expanding into professional services and B2B restaurant supply.

 

Despite a 45% jump in Q4 FY25 revenue to Rs 4,410 crore, Swiggy reported a net loss of Rs 1,081 crore, reflecting heavy investments in new verticals and the quick commerce segment.

 

The ESOP initiative is designed to boost morale, foster a sense of ownership, and align employee interests with the company’s long-term growth.

 

Swiggy’s latest ESOP move signals its focus on talent retention and internal motivation as it navigates a dynamic and competitive startup landscape.

 

Sources: Entrackr, Indian Startup News, YourStory