<ul><li>Swiggy’s upcoming ₹11,300-crore IPO is set to unlock ₹9,000 crore in Esop wealth for 5,000 current and former employees, making it a landmark event in India’s startup ecosystem.</li><li>Around 500 employees are expected to join the 'crorepati' club through this public offering. Founders and top management, including Sriharsha Majety, Nandan Reddy, and Phani Kishan Addepalli, hold Esops worth ₹2,600 crore.</li><li>The IPO, subscribed 3.59 times, marks the largest tech listing since Paytm in 2019. This Esop liquidation is comparable only to Flipkart’s massive buybacks, underscoring Swiggy's success. Trading begins Wednesday, driven by strong institutional investor interest.</li></ul>

Swiggy’s IPO to unlock Rs 9,000 crore in Esop wealth for 5,000 employees

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