Swiggy’s IPO Makes 500 Employees Crorepatis

Swiggy’s stock market debut on Wednesday turned over 500 current and former employees into crorepatis, as its IPO unlocked ₹9,000 crore in ESOPs. With shares listed at ₹420, a nearly 8% premium, the food delivery giant’s market valuation hit ₹89,549 crore. The IPO was fully subscribed, raising ₹11,327 crore, with funds aimed at technology investment, brand promotion, and debt repayment.