Flipkart launches $50 million Esop buyback for up to 7,500 employees ahead of potential IPO
Bengaluru: Flipkart has rolled out a $50 million employee stock buyback programme that will offer liquidity to approximately 7,000–7,500 staff members, as the Walmart-owned e-commerce major prepares for a potential initial public offering (IPO), The Economic Times reported.
The company, which currently holds a valuation of $35 billion, will allow eligible employees to sell up to 5% of their stock options vested over the past three years.
In a note to employees on Friday, Flipkart Group CEO Kalyan Krishnamurthy said that if the company meets its key performance targets committed to the board by the end of the year, another 5% Esop liquidity window could open in early 2026.
“Our core businesses are performing well, and quick commerce continues to scale at an unprecedented pace, delivering unparalleled convenience to our customers,” Krishnamurthy wrote.
He further stated, “The board has approved a discretionary Esop liquidity opportunity (under the Flipkart Stock Option Plan 2012), allowing all active employees as of July 5, 2025, to liquidate up to 5% of their outstanding options vested between July 6, 2022, and July 5, 2025.”
The liquidation price has been set at $174.32 per option, with payments expected to be made in August 2025.
Flipkart’s most recent large-scale Esop buyback was in 2023, when both current and former employees benefited from a one-time cash payout under a $700 million programme.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
