These 5 Indian tech IPOs unlocked $4.85 bn in employee ESOP wealth

Zomato, Swiggy, Nykaa, Policybazaar and Paytm together unlocked roughly $4.85 billion in ESOP value for their employees at listing. Paytm alone accounted for $1.76 billion, the largest single unlock, followed by Swiggy at $1.07 billion. For most of these employees, the IPO was the first time their options became real money.