Swiggy Allots ₹443 Cr Worth Shares to Employees Under ESOP

Swiggy, the popular food delivery company, has approved a large allotment of equity shares for its employees under its Employee Stock Option Plan (ESOP) 2024. The board has given 1.28 crore equity shares at a face value and exercise price of just ₹1 per share. This gives eligible employees a chance to benefit significantly if the stock price rises.

Since the beginning of 2025, Swiggy has already allotted more than 4.4 crore shares to its employees under different ESOP plans.

Government Ties-Up with Swiggy for Gig Workers

 Swiggy recently signed a memorandum of understanding (MoU) with the Ministry of Labour and Employment. Under this deal, the company will help list gig jobs on the National Career Service (NCS) portal. The government hopes this move will help create 12 lakh gig jobs over the next 2–3 years.

Launch of Pyng – A New Services Platform

Swiggy has also launched Pyng, a professional services marketplace. Pyng connects users with verified experts in health, wellness, finance, astrology, travel, and education.

• Online services are available across India.

• Offline services are currently available only in Bengaluru.

Swiggy Financial Performance

Despite its growth, Swiggy reported a net loss of ₹799 crore in Q3 FY25, which is 39.1% higher than the ₹574.4 crore loss in the same period last year.

 However, operating revenue grew by nearly 31%, reaching ₹3,993.1 crore compared to ₹3,048.6 crore in Q3 FY24.

Conclusion

Swiggy is rewarding its employees and expanding into new service areas, even as it continues to face financial challenges. Its efforts to support gig workers and explore new business models show its broader vision beyond food delivery.

At 2:21 PM, Swiggy share price was down 1.75% and was trading at ₹341.95.

Read more on: 10-Minute Delivery: Swiggy Launches Snacc in NCR

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