Swiggy has rolled out a Rs 150 crore employee stock ownership plan (ESOP) as part of its 2024 compensation framework. The initiative is aimed at retaining and rewarding talent across the organisation even while reinforcing a culture of shared ownership and long-term growth.
This latest ESOP offering extends to employees at all levels, including delivery personnel, technology teams, and corporate staff.
By offering equity as part of compensation, Swiggy seeks to deepen employee engagement and strengthen alignment with the company’s broader business objectives. The move comes as Swiggy continues to grow beyond food delivery into areas such as quick commerce and online grocery services.
The plan reflects Swiggy’s intent to make its workforce a direct stakeholder in the company’s future. With the food-tech industry facing intense competition and rising operational demands, the company sees ownership as a critical tool to boost motivation and reduce attrition. Employees stand to benefit from any future valuation gains as Swiggy pursues expansion and potential public-listing plans.
Swiggy’s equity programme is in line with other employee-focused initiatives, including structured performance bonuses, comprehensive health coverage, parental leave policies, and investments in learning and skill development. These measures are part of a holistic approach to workforce well-being and productivity.
As the Indian startup ecosystem increasingly embraces ESOPs to retain high-performing talent, Swiggy too is betting on shared success to drive innovation and maintain momentum.