Flipkart Rolls Out $50 Million ESOP Buyback to Reward 7,000+ Employees
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Flipkart Rolls Out $50 Million ESOP Buyback to Reward 7,000+ Employees
In a significant move to reward and retain talent, Walmart-owned e-commerce giant Flipkart has announced a $50 million ESOP (Employee Stock Option Plan) buyback program, set to be executed in August 2025.
The initiative allows eligible employees to sell up to 5% of their vested stock options, specifically those vested between July 6, 2022, and July 5, 2025, at a fixed price of $174.32 per share. The buyback will be conducted under the Flipkart Stock Option Plan 2012.
According to an internal note from Group CEO Kalyan Krishnamurthy, this discretionary program is expected to benefit between 7,000 to 7,500 current employees, making it one of the largest buybacks in India’s startup and tech ecosystem.
This move reflects Flipkart’s ongoing commitment to employee wealth creation and fostering a culture of ownership. In a competitive talent landscape, such initiatives go a long way in boosting morale, loyalty, and long-term alignment with company goals.
With this buyback, Flipkart not only acknowledges the hard work of its people but also reinforces its status as a leading employer in India's digital economy.
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