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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 values the company at about $35 Bn, the report said.
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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 values the company at about $35 Bn, the report said.
A…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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