Flipkart is allowing employees to sell their stock options worth millions of dollars. The e-commerce company, owned by Walmart will see about 7,000 employees (who have worked with Flipkart during 6 July 2022 to 5 July 2025) benefitting from this stock buy-back offer. The employees can sell up to five per cent of their stock options vested over the last three years, at $174.32 per unit. The payments will be disbursed in August 2025.
It is reported that if the performance goes as expected, Flipkart is likely to offer another liquidity programme next year. With the company continuing to do well in the e-commerce space, and its quick commerce vertical growing at a fast pace, the employees can look forward to a similar ESOP buyback next year.
It is pertinent to mention here that Flipkart is also gearing for an initial public offering (IPO) with a valuation of $60-70 billion.
While Flipkart is based in India, its holding company, which is currently in Singapore plans to relocate to India soon.
Two months ago, the company had revealed that it is preparing for a major expansion in 2025 with plans to hire 5,000 new employees. The recruitment drive is aimed at strengthening two of the company’s fastest-growing verticals—quick commerce and fintech—while deepening investments in artificial intelligence to drive future innovation.
It was reported that a significant share of these new roles will support Flipkart Minutes, the company’s hyperlocal delivery service, and Super.money, its digital financial-services platform.