Flipkart’s Esop buyback; TCS employees await appraisals

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IPO-bound Flipkart is conducting another round of Esop buybacks. This and more in today’s ETtech Top 5.

Also in the letter:
■ AI talent war
■ Age of IT-BPO combo
■ Global vs local: Online taxi edition


Flipkart to buy back $50 million in employee stock; 7,500 staff may benefit

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Flipkart is offering $50 million in liquidity to approximately 7,000-7,500 employees as the Walmart-owned ecommerce giant prepares for a potential IPO.

What’s the matter: The company, last valued at $35 billion, has introduced a new buyback scheme enabling…



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Flipkart’s Esop buyback; TCS employees await appraisals


IPO-bound Flipkart is conducting another round of Esop buybacks. This and more in today’s ETtech Top 5.

Also in the letter:
■ AI talent war
■ Age of IT-BPO combo
■ Global vs local: Online taxi edition


Flipkart to buy back $50 million in employee stock; 7,500 staff may benefit

Representative image

Flipkart is offering $50 million in liquidity to approximately 7,000-7,500 employees as the Walmart-owned ecommerce giant prepares for a potential IPO.

What’s the matter: The company, last valued at $35 billion, has introduced a new buyback scheme enabling…



Source link

Disclaimer

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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