Bengaluru, July 2025 — In a move to retain and reward top talent, food delivery major Swiggy has granted fresh ESOPs worth ₹150 crore to its employees under the ESOP 2024 scheme. The allotment includes 38.86 lakh stock options, each exercisable at ₹1 per share.
This development follows a larger ESOP grant in April 2025, when Swiggy distributed options worth ₹443 crore — signaling the company’s aggressive bet on long-term employee retention even amid operational challenges.
The timing is notable. Just weeks ago, Swiggy launched Crew, a lifestyle and travel concierge app, marking its entry into premium services beyond food and quick commerce.
Despite these moves, financial headwinds remain. Swiggy reported a ₹1,081 crore loss in Q4 FY25, up 95% year-on-year. This came even as quarterly revenues rose 45% to ₹4,410 crore. For FY25, the company’s total revenue stood at ₹15,227 crore.
Meanwhile, rivals are tightening the race. Zomato posted a ₹39 crore profit in the same quarter, and Zepto narrowed losses to ₹1,248 crore in FY24 — signaling a shift towards disciplined growth.
As of July 11, Swiggy’s unlisted shares were trading at ₹385.3, implying a market cap of approximately ₹96,000 crore ($11.3 billion).
With this fresh ESOP grant, Swiggy is signaling its commitment to internal stakeholders — even as it balances expansion, competition, and eventual IPO expectations.
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