Flipkart's Generous Employee Stock Buyback Plan

Walmart-owned Flipkart has unveiled a $50 million employee stock buyback initiative, set to benefit approximately 7,000 to 7,500 employees. This strategic move is part of Flipkart's preparations for a potential IPO filing next year.

Details of the Buyback Plan

Employees will have the opportunity to liquidate up to 5% of their vested stock options, with the payout set at $174.32 per option. The payment is scheduled for August 2025, as communicated by Flipkart Group CEO Kalyan Krishnamurthy.

Flipkart's Commitment to Its Employees

Krishnamurthy emphasized the company's performance and its quick commerce scaling efforts. He also hinted at the possibility of another 5% ESOP buyback in early 2026, contingent on meeting key targets.

A Look at Flipkart's Growth

With a current valuation of $35 billion and about 22,000 employees, Flipkart continues to reward its workforce through significant ESOP buybacks, including a $700 million repurchase in 2023.

Future Prospects

As Flipkart gears up for its Big Billion Days sale and expands its quick commerce vertical, the company remains focused on innovation and employee appreciation.