Bengaluru: As it prepares for its IPO, food and delivery giant Swiggy has unveiled plans to buy back employee stock options worth up to $65 million (₹543.5 crore).

Co-founders Sriharsha Majety and Nandan Reddy, along with other Swiggy employees, will participate in this ESOP liquidity event, selling some of their shares in the company. 

This move comes as part of Swiggy’s strategy to provide liquidity to its employees ahead of its public offering.