Flipkart Rewards Staff With $50M Stock Buyback as IPO Valuation Targets $70B
With distributions planned for August 2025, Flipkart has launched a $50 million employee stock buyback that will enable between 7,000 and 7,500 worker
With distributions planned for August 2025, Flipkart has launched a $50 million employee stock buyback that will enable between 7,000 and 7,500 workers to sell up to 5% of their vested ESOPs at a price of $174.32 per share. Aiming for a valuation of $60–70 billion, Flipkart is scheduled to go public in 12–15 months. CEO Kalyan Krishnamurthy highlighted the businesss impressive ecommerce and rapid commerce results, and he alluded to the possibility of another liquidity event in early 2026 provided certain objectives are fulfilled. Currently worth $36 billion, Flipkart is also moving its parent firm from Singapore to India. Flipkarts goal to retain talent, reward contributions, and raise morale in the face of growing competition from Amazon and other quickcommerce companies is reflected in the repurchase.
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B2B Tech News | 1 months ago