Flipkart to buy back $50 million in employee stock; 7,500 staff may benefit
Flipkart has announced a $50 million employee stock buyback programme, which will provide liquidity to around 7,000–7,500 staff members as the Walmart-owned ecommerce giant gears up for a potential IPO. The company, currently valued at $35 billion, will allow employees to sell up to 5% of the options vested over the last three years.
In a note to employees on Friday, Flipkart group CEO Kalyan Krishnamurthy said that if the company achieves its key goals committed to the board by year-end, another 5% Esop liquidity event could be unlocked early next year.
“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 added, “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 is set at $174.32 per option, with payments expected in August 2025.
Flipkart’s last major Esop buyback took place in 2023, when current and former employees received a one-time cash payout from a $700 million buyback programme.
