Synopsis : Flipkart has announced a $50 million ESOP buyback at $174.32 per option, allowing eligible employees to liquidate up to 5% of their vested shares. The move comes as Flipkart gears up for a potential IPO and plans to shift its domicile back to India.
E-commerce giant Flipkart has announced a $50 million employee stock option (ESOP) buyback, setting the buyback price at $174.32 per option, with disbursements scheduled for next month. This liquidity event is available to employees who were with the company between July 6, 2022, and July 5, 2025, allowing them to sell up to 5% of their vested ESOPs, according to an internal email from CEO Kalyan Krishnamurthy.
The buyback could benefit between 7,000 and 7,500 employees, as Flipkart continues to maintain its four-year vesting schedule where 25% of the allotted shares vest each year. Krishnamurthy also indicated the possibility of another liquidity window early next year if the company meets performance targets.
This announcement follows Flipkart’s historic $700 million ESOP payout in 2023 after its separation from PhonePe and comes amid reports that Flipkart is preparing for a public listing while moving its domicile from Singapore back to India. The company joins other startups like Darwinbox, Dezerv, and Even Healthcare in rolling out liquidity schemes in 2025, reflecting the growing trend of Indian startups offering partial exits to employees ahead of strategic fundraising or listing plans.
Disclaimer : The information in this article is for general informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities.
