ESOP battle, senior exits pile pressure on Flipkart

Walmart-owned e-commerce major Flipkart is facing pressure on multiple fronts, with at least 14 senior-level exits in a little over a year, a growing dispute with former employees over their stock options and an initial public offering (IPO) stalled with no clear timeline, sources said. The company remains loss-making, while Myntra, its only profitable unit in FY25, swung into the red last fiscal. A potential tax liability also looms over its in-house deliveries after the GST Council decided to withdraw the exemption for goods transport agencies (GTAs), which Flipkart has used for deliveries through its in-house logistics arm Ekart.