Swiggy Allocates Fresh ESOPs Worth ₹150 Crore Under 2024 Scheme

Food delivery and quick commerce giant Swiggy has announced a new round of Employee Stock Option (ESOP) grants valued at approximately ₹150 crore (around $17.5 million), as part of its ongoing ESOP 2024 initiative.

ESOPs Pool Extended to ₹150 Crore

According to recent filings with the National Stock Exchange (NSE), Swiggy Limited has issued 38.86 lakh stock options under its latest ESOP scheme. At the closing price of ₹385.3 on July 11, 2025, the total value of the grant stands close to ₹150 crore. Each stock option is priced at ₹1 and will convert into one fully paid-up equity share upon vesting. These options are exercisable post-vesting and remain valid until the company undergoes liquidation.

This move follows Swiggy's recent diversification into lifestyle and concierge services with the launch of its new app, Crew, which marked its foray into travel assistance and lifestyle management last month.

Earlier in April, the Bengaluru-based company had granted stock options worth ₹443.4 crore (approximately $52 million) under the same ESOP 2024 plan to select employees.

Board Meet to Discuss Q1FY26 Result

Looking ahead, Swiggy’s Board of Directors is set to meet on Thursday, July 31, 2025, to review and approve the company’s unaudited standalone and consolidated financial results for Q1 FY26, ending June 30, 2025.

Swiggy Q4FY25 Earnings Highlights

Financially, Swiggy reported a 95% year-on-year increase in losses, amounting to ₹1,081 crore in Q4 FY25, despite a strong 45% growth in revenue, which reached ₹4,410 crore for the quarter. For the full fiscal year, Swiggy posted total revenue of ₹15,227 crore.

Also Read: Brightcom Group Shares Resume Trading on BSE and NSE: Hit 5% Lower Circuit

Sriharsha Majety, MD & Group CEO, Swiggy, said “FY25 was a year of many firsts for Swiggy. We launched multiple new apps, across Instamart, Snacc and recently, Pyng; all of which are aimed at opening up new user-segments and markets. Our Food delivery engine delivered best-ever results across innovation and execution, driving category-leading growth and rising profitability in lockstep. 

He further added, “Quick-commerce is in a phase of rapid expansion and heightened competitive intensity, for which we have ramped-up investments aimed at market expansion (Megapods), reach (1000+ stores across 124 cities) and differentiation (Maxxsaver). Our Out of Home Consumption business turned profitable in Q4, within just 2 years of its integration. Overall, we remain focused on growth, on the back of delivering unparalleled convenience to consumers.”

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.