Early Diwali for Flipkart Employees as It Completes $50 Million ESOP Buy Back From over 7,000 Staffers

Early Diwali for Flipkart employees as it completes $50 million ESOP buy back from over 7,000 staffers

The ESOP liquidity event comes at a time when a growing list of companies such as Blinkit, Swiggy, Zepto and several others are poaching from Flipkart.

Flipkart Announces $50 Mn ESOP Buyback At $35 Bn Valuation

Ecommerce giant Flipkart has announced a $50 Mn ESOP buyback, which will offer liquidity to around 7,000 to 7,500 employees.  Flipkart CEO Kalyan Krishnamurthy, in an internal note, said that the company’s board has approved the ESOP buyback under which employees can liquidate up to 5% of their outstanding options vested in the 3 years preceding July 5, 2025 at a price of $174.32 (about INR 14,954) per option, ET reported. The ESOP buyback value…