Startups can be a long and brutal journey, but the results at the end might just be sometimes worth it.
Swiggy’s top executives will rake in the moolah when the company goes public later this week. 9000 Swiggy employees are slated to collectively make Rs. 5,000 crore through the IPO. This is being seen as the second largest wealth creation event in India’s startup ecosystem after the Flipkart exit. As many as 500 employees will are slated to become crorepatis after the IPO, while senior executives will do much better. These are the biggest beneficiaries of Swiggy’s IPO.
Sriharsha Majety, Co-founder
Rs. 2,203 crore
Swiggy’s co-founder and CEO Sriharsha Majety will be the biggest beneficiary of the IPO. At the upper end of Swiggy’s share price band, his 56.5 million shares will be worth Rs. 2,203 crore. Majety had graduated from BITS Pilani in 2008, and completed his MBA from IIM Calcutta in 2011.
Nandan Reddy, Co-founder
Rs. 638 crore
Swiggy’s other co-founder Nandan Reddy holds 16.4 million shares in the company. After its IPO, the shares will be worth Rs. 638 crore. Reddy had graduated from BITS Pilani in 2010.
Phani Krishan Adepalli, Co-founder
Rs. 407 crore
Phani Krishan Adepalli had joined Swiggy in 2015, but is one of the co-founders of the company. His 10.4 million shares will be worth Rs. 407 crore after the IPO. Phani Krishan Adepalli had graduated from IIM Calcutta in 2013 and had worked with BCG before joining Swiggy.
Rahul Bothra, CFO
Rs. 281 crore
Rahul Bothra had joined Swiggy in 2017 and currently serves as its Chief Financial Officer. Bothra had become a CA in 2001, and had worked with companies including Britannia and Olam before joining Swiggy. His 7.2 million shares will be worth Rs. 281 crore after the IPO.
Girish Menon, Chief Human Resources Officer
Rs. 255 crore
Girish Menon had joined Swiggy in 2017 and is now its Chief Human Resources Officer. Menon had completed his MBA in HR from Xavier Institute of Management and Entrepreneurship in 2004, and had worked with HSBC and Flipkart before joining Swiggy. Menon’s 6.5 million shares will be worth Rs. 255 crore after the IPO.
Madhusudhan Rao, Chief Technical Officer
Rs. 171 crore
Madhusudhan Rao had joined Swiggy in 2018, and in 2023 had taken over as CTO after the exit of longtime CEO Dale Vaz. After the IPO, his 4.4 million shares will be worth Rs. 171 crore. Rao had completed his BE from Visvesvaraya Technological University in 2004 and had worked at companies including ThoughtWorks and Amazon before joining Swiggy.
Rohit Kapoor, Food Marketplace CEO
Rs. 191 crore
Rohit Kapoor had joined Swiggy just two years ago in 2022. He had completed his MBA from ISB in 2006 and is also a CFA charterholder. Prior to joining Swiggy, he had worked with McKinsey, and was Oyo Rooms’ Chief Marketing Officer. His 1.9 million shares will be worth Rs. 191 crore after the IPO.
Amitesh Jha, CEO of Instamart
Rs. 126 crore
Amitesh Jha had completed his engineering from IIT Delhi in 2002, and had followed it up with an MBA from IIM Ahmedabad in 2006. He’d spent 13 years with Flipkart before joining Swiggy just this year as the CEO of Instamart. Jha’s 3.2 million shares will be worth Rs. 126 crore after Swiggy’s IPO.