Swiggy IPO: Among company executives, delivery partners were also included in listing ceremony
Swiggy's IPO launch today saw its employees set to benefit from a major ESOP payout, with each of its 500+ employees potentially earning around ?71 crore. In a notable gesture, Swiggy included delivery partners in the IPO listing ceremony, acknowledging their essential role.
The 500-plus employees of India's food tech giant Swiggy are expected to benefit from their labour as the firm prepares for one of the biggest initial public offerings (IPOs) in recent memory. They will each receive 71 crore after the company lists on the stock exchanges today. One of the biggest ESOP exercises in India's startup scene, the company is expected to pay 5,000 current and past employees around 79,000 crore worth of ESOP options at the highest price band of 7390 per share.
The company held a listing ceremony today and company executives from CEO to board members attended the event. What caught the attention of the internet was the inclusion of delivery partners in the ceremony.
Swiggy invited delivery partners to the listing ceremony
It's great to see delivery partners included in the Swiggy listing day ring ceremony! A really good gesture to recognize the vital role they play. Well done @Swiggy #SwiggyIPO pic.twitter.com/r5CvTHxDgs
¡ª Jainil Prajapati (@enough_jainil) November 13, 2024
Techie Jainil Prajapati shared the image in an X post where delivery partners can be seen standing with the company's CEO and other executives. Prajapati wrote in the caption, "It's great to see delivery partners included in the Swiggy listing day ring ceremony! A really good gesture to recognize the vital role they play. Well done." The post got 2,855 views on X.
People on the internet called it a sweet gesture.
Sweet gesture by Swiggy to invite delivery partners to ring the bell during the IPO listing pic.twitter.com/aB1M9AKznD
¡ª Vibin Babuurajan ? (@vibinbaburajan) November 13, 2024
Swiggy's mission is to empower delivery agents
Credit: X/ Swiggy
Swiggy has launched "Project Next," a program aimed at creating avenues for professional growth and expediting restaurant onboarding.
This program is part of Swiggy's larger "Swiggy Skills" project, which includes skill development, training, internships, and job opportunities in its operational environment.
Project Next aims to help Swiggy expand its restaurant network throughout 150 emerging regions, particularly in Tier II and Tier III cities, by converting qualified delivery partners into sales executives. This strategy not only fosters restaurant growth, but it also provides delivery partners with opportunities for progress.
What do you think about this? Tell us in the comments.
To stay updated on the stories that are going viral follow Indiatimes Trending.
I'm a writer with a zest for life and a knack for turning everyday moments into captivating stories. Whether you're a haute couture enthusiast or a thrift shop aficionado, I've got style tips that'll make heads turn. But what truly sets my heart on fire is writing about queer issues. I'm here to amplify diverse voices and stories.
Read More
