Swiggy, the food delivery and quick commerce company, has given new employee stock options (ESOPs) worth INR 150 crore (about $17.5 million) to its staff. This means some employees will get a chance to own a part of the company through shares.
Swiggy Limited has given out 38.86 lakh (3.886 million) stock options to its employees under its new ESOP 2024 plan, according to documents filed with the NSE.
Based on the current share price of ₹385.3, these stock options are worth about INR 150 crore. This gives employees a chance to own a part of the company.
According to the filing, each stock option can be bought by the employee for just ₹1. After a certain waiting period (called vesting), each option turns into one fully owned share of the company.
Once the shares are vested, employees can choose to use (or “exercise”) them anytime before the company shuts down or is sold.
This news comes about a month after Swiggy launched a new app called Crew, which helps with travel planning and lifestyle services.
In April this year, Swiggy, based in Bengaluru, announced new employee stock options under its ESOP 2024 plan. These options were worth INR 443.4 crore (about $52 million) and were given to eligible employees.
Swiggy’s losses went up by 95% compared to last year, reaching INR 1,081 crore in the fourth quarter of the financial year 2025. However, its revenue also grew by 45%, reaching INR 4,410 crore during the same period. For the full year, Swiggy earned INR 15,227 crore in revenue.
On the other hand, its competitor Zomato made a profit of INR 39 crore in the last quarter of FY25. Another rival, Zepto, reduced its losses to INR 1,248 crore for the whole of FY24.
As of the end of trading on Friday, July 11, 2025, Swiggy’s share price was ₹385.3, and the company’s total value (market capitalization) was about INR 96,080 crore (around $11.3 billion).
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