Flipkart to launch $50 million worker inventory buyback; over 7,000 workers could profit – examine particulars right here

NEW DELHI: Walmart-owned Flipkart has introduced a $50 million worker inventory buyback plan that can profit roughly 7,000–7,500 staff. The transfer comes because the ecommerce main prepares for a possible IPO submitting subsequent yr.The buyback will permit staff to liquidate as much as 5% of the inventory choices vested between July 6, 2022, and July 5, 2025. The payout might be at $174.32 per choice and is anticipated to be made in August 2025, Flipkart Group CEO Kalyan Krishnamurthy advised staff, in line with ET.“Our core companies are performing effectively, and fast commerce continues to scale at an unprecedented tempo.” Krishnamurthy wrote to staff.All energetic staff as of July 5, 2025, might be eligible for the buyback, which is a part of Flipkart’s broader technique to reward and retain expertise. Krishnamurthy mentioned that if the corporate meets key targets dedicated to the board by the top of the yr, it might supply one other 5% ESOP buyback in early 2026.“The Board has accepted a discretionary ESOP liquidity alternative (underneath the Flipkart Inventory Possibility Plan 2012) whereby, all energetic staff as on July 5, 2025 could have the chance to liquidate as much as 5% of their excellent choices vested within the final three previous years, i.e. between July 6, 2022 to July 5, 2025. The liquidation of the choices might be at a worth of $174.32 per choice, and the fee might be made in August 2025,” it mentioned.“Wanting forward, we stay dedicated to acknowledging your contributions and if we obtain key targets dedicated to the Board by the top of the yr, we are going to unlock one other 5% ESOP Liquidity occasion early subsequent yr. This is not nearly numbers, it is about pushing ourselves to go the additional mile, to innovate boldly and to ship distinctive worth to our clients. Let’s rally collectively, harness our collective vitality and make this occur,” it added.Flipkart, at the moment valued at $35 billion, employs round 22,000 individuals. This newest buyback follows a $700 million ESOP repurchase in 2023, the most important by any Indian web firm up to now. Together with previous buybacks, Flipkart has returned round $1.5 billion to staff by way of ESOP packages lately.The announcement additionally comes simply forward of Flipkart’s flagship Massive Billion Days sale, scheduled for October, which is a key income driver for the platform.The corporate can also be doubling down on its fast commerce vertical, Flipkart Minutes, which is anticipated to function 800 darkish shops by the top of 2025.Krishnamurthy highlighted that the corporate’s development trajectory and dedication to innovation, stating, “that is our means of claiming thanks on your unwavering dedication.”“Let’s at all times keep in mind that in an business as dynamic and aggressive as ours, previous successes are a basis for future achievements. The alternatives in our nation are immense. We should seize them, with agility and a shared dedication to success, forging significant development for all,” Krishnamurthy added.