Swiggy Introduces Employee Stock Options Worth Rs 150 Crore

Swiggy, the food delivery and rapid commerce platform, has officially launched a fresh employee stock option (ESOP) programme valued at Rs 150 crore (approximately $17.5 million).

Details of the ESOP Grant

According to filings with the NSE, Swiggy Limited has issued 38.86 lakh stock options as part of its ESOP 2024 initiative. With the current market price standing at Rs 385.3 per share, this grant is evaluated at around Rs 150 crore.

The disclosed stock options carry an exercise price of Rs 1 each and convert into a fully paid-up equity share upon vesting. Employees can exercise these options any time after the vesting period until the company undergoes liquidation.

Recent Developments and Expansions

This announcement follows the recent entry of Swiggy into the travel concierge and lifestyle management sector with the launch of a new app named Crew, as reported exclusively by startup Superb.

Earlier in April of this year, the Bengaluru-based enterprise revealed additional employee stock options under its ESOP 2024 scheme for eligible employees, totalling Rs 443.4 crore (about $52 million).

Financial Performance Overview

In the fourth quarter of FY25, Swiggy’s losses escalated by 95% year-on-year, reaching Rs 1,081 crore, despite a 45% increase in revenue, which amounted to Rs 4,410 crore. For the full fiscal year, the total revenue reported was Rs 15,227 crore.

In comparison, rival Zomato achieved profitability with Rs 39 crore in the last quarter of the previous fiscal year (Q4FY25), while Zepto managed to reduce its losses to Rs 1,248 crore in FY24.

Market Standing

At the end of trading on Friday (July 11, 2025), Swiggy’s shares were priced at Rs 385.3, leading to a market capitalisation of Rs 96,080 crore (around $11.3 billion).