Swiggy has announced its fifth ESOP liquidity program worth $65 million, benefiting more than 3,200 employees. The company has cumulatively enabled over Rs 1,000 crore of ESOPs liquidity over the five events. Founders Sriharsha Majety and Nandan Reddy, along with other team members, will sell shares as part of this program. This is Swiggy's largest ESOP buyback to date, following previous buybacks in 2018 ($4 million), 2020 ($9 million), 2022 ($23 million), and 2023 ($50 million). The announcement comes ahead of Swiggy's planned IPO, where the company is valued at approximately $9.3 billion, though it aims for a valuation of around $13 billion. The liquidity event, marking one of the largest ESOP liquidity events of 2024, is also valued at Rs 539 crore.