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24,000 Flipkart employees to get ₹5,792 crore cash payout this month
Inshorts
·
2y ago
Medial
This month, Flipkart employees who possess company shares through the Employee Stock Ownership Plan (ESOP) are scheduled to receive a lump sum cash payout of $700 million (₹5,792 crore). This payout is a result of PhonePe's complete separation from Flipkart. Over 24,000 employees, including both current and former staff from Flipkart and Myntra, will be eligible for the cash payout, which will be determined based on the number of shares they hold.
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Related News
Flipkart rolls out 'Advertise Now, Pay Later' to ease ad access for sellers
YourStory
·
20d ago
Medial
Flipkart has launched an "Advertise Now, Pay Later" initiative, enabling over 24,000 sellers to run ad campaigns without upfront payments. This programme is designed to ease digital advertising access for small businesses, using a line-of-credit model based on sellers' existing Flipkart revenue. Costs are deducted from their earnings in the following month. The initiative provides operational flexibility, targeting businesses without immediate capital, and forms part of Flipkart's broader seller support strategy.
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Flipkart announces new ESOP liquidity worth $50 Mn
Entrackr
·
26d ago
Medial
Flipkart announces new ESOP liquidity worth $50 Mn This announcement follows Flipkart’s record $700 million payout to employees in 2023, one of the largest ESOP buyback events in Indian startup history. Flipkart has announced a fresh ESOP (Employee Stock Option Plan) liquidity opportunity for its employees, according to an internal note from the company’s chief executive officer Kalyan Krishnamurthy. As per the note, eligible employees will be allowed to liquidate up to 5% of their vested ESOPs as of July 5, 2025, at a buyback price of $174.32 per option. Payouts will be made in August 2025 under the Flipkart Stock Option Plan 2012. An ET report estimates the size of the ESOP buyback at $50 million, with 7,000 to 7,500 employees expected to benefit from the liquidity program. Flipkart is currently valued at around $36 billion. Krishnamurthy also added that if key performance goals are met by the end of 2025, another 5% liquidity window could open in early 2026. A Flipkart spokesperson confirmed the development to Entrackr. This announcement follows Flipkart’s record $700 million payout to employees in 2023, one of the largest ESOP buyback events in Indian startup history. Media reports indicate the firm plans to launch its IPO with a valuation of $60-$70 billion. The company’s board has already approved the process to shift its holding structure from Singapore to India. In 2025, a clutch of startups including Darwinbox, Rapido, Univest, Deserve, and Even Healthcare have implemented ESOP buyback, liquidity, and payout programs worth around $67 million. In 2024, more than 20 startups implemented $200 million. According to startup data intelligence platform TheKredible, the ESOP buyback or liquidity amount stood at $802 million in 2023, $440 million in 2021, and $200 million in 2022.
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Flipkart converts hikes into payouts, rolls out 100% bonus to stem attrition
Livemint
·
1y ago
Medial
Indian e-commerce platform Flipkart has made changes to its increment policy to retain employees and reduce attrition, offering 100% bonuses to all staff. The shifts follow a series of layoffs at the company. Employees will now receive their annual salary increases in two tranches, rather than as a single payment, with the first payout occurring in April and the second later in the year. The changes will not apply to employees who receive promotions. Flipkart is also aiming to enhance its financial position and generate stronger unit economics ahead of a planned initial public offering next year.
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Flipkart modifies increment process with merit-linked hikes for employees
IndianStartupNews
·
1y ago
Medial
Ecommerce company Flipkart has introduced a new salary increment policy aimed at reducing employee attrition, particularly among senior staff. The new system involves dividing salary increments into two parts, with one part paid in April and the other later in the year. Merit-linked payouts will also be awarded to eligible employees in junior and mid-management positions, replacing the traditional annual salary hike. Flipkart has also enhanced its bonus scheme, offering a 100% bonus payout to employees. The company will continue its Employee Stock Ownership Plan allocation.
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Shares of Reliance-owned Just Dial jump 20% on dividend buzz
The Arc Web
·
1y ago
Medial
Just Dial's shares surged over 20%, increasing its market cap to ₹10,564 crore. Reliance Retail, which holds a 65% stake, acquired Just Dial in 2021. With ₹4,755 crore in cash, the company is considering a dividend payout of ₹500-600 crore. Previously, Just Dial issued dividends in 2014 and 2015 and executed a share repurchase in 2020.
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Flipkart Internet gets ₹1,421 crore from Singapore-based parent
Inshorts
·
1y ago
Medial
Flipkart Internet, the Indian arm of the e-commerce company, has received ₹1,421 crore (around $171 million) from its Singapore-based parent entity, as per regulatory filings. This internal cash transfer happened in two tranches. Flipkart Internet also received around ₹924 crore (about $111 million) from its related entities in Singapore in January.
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MyGate announces ESOP buyback for over 50 employees
Entrackr
·
1y ago
Medial
Community management app MyGate has announced employees stock buyback program for more than 50 employees. The buyback has come on the back of improved financial results for the Bengaluru-based company in the last and current fiscal year. MyGate has announced the buyback plan of 20% of vested shares for employees who have completed four years at the firm. “We are in the strongest financial position that we have ever been and well capitalised to fuel our growth and new initiatives,” said Abhishek Kumar, co-founder of MyGate. MyGate grew without raising venture capital money for nearly four years. The firm’s operating revenue jumped 77.3% to Rs 71.10 crore in FY23 from Rs 40.1 crore in FY22. During the period, it managed to cut losses to the tune of 35%. The company primarily generates income through subscription revenue from resident welfare associations and from brands promoting themselves on the MyGate app. The firm also said that it achieved zero cash burn in November 2023. MyGate raised $56 million in a Series B round in October 2019. Later, it raised strategic money worth $12 million from home service marketplace Urban Company and insurance provider Acko in November 2022. Entrackr exclusively reported the development. While the number of ESOP buybacks saw a downward trend in 2023, the amount of buyback and payout created a new record in the last year. As per data compiled by TheKredible, the total EOSP buyback/payout/liquidity in 2023 stood at nearly $802 million. In 2021 and 2022, the buyback amount was recorded at $440 and $200 million respectively. Last month, edtech company Classplus announced ESOP buyback for more than 150 employees.
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Flipkart Singapore parent infuses Rs 1,421 crore in marketplace arm
Economic Times
·
1y ago
Medial
Walmart-owned Flipkart has infused Rs 1,421 crore (around $170 million) in its Indian marketplace entity, Flipkart Internet, through its Singapore holding company. This is not new funding but an internal cash transfer. It is the second major fund infusion received by Flipkart Internet from its Singapore-based entities this year. The latest funding takes the total infusion in the marketplace entity to $281 million. Flipkart aims to launch its quick-commerce service and has been working on faster deliveries, including same-day delivery in several cities. Meanwhile, Amazon India has also received funds exceeding Rs 1,000 crore from its US parent company.
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Flipkart Internet receives $111 million in new fund infusion
Economic Times
·
1y ago
Medial
Flipkart Internet, the marketplace arm of Flipkart backed by Walmart, received a cash injection of approximately INR 924 crore ($111 million) from its Singapore-based entities in January 2023. This comes as Amazon continues to invest in its Indian entities, crossing INR 1,000 crore ($134 million) this year. Flipkart is also in talks to raise up to $1 billion, with parent company Walmart committing to invest $600 million. Flipkart's valuation is expected to be around 5-10% higher than its previous valuation of $33 billion. In the fiscal year 2023, Flipkart Internet reported a 42% increase in operating revenue and a 9% decrease in total loss.
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ETtech Explainer: What is Flipkart’s ‘advertise now, pay later’ all about? - The Economic Times
Economic Times
·
19d ago
Medial
Flipkart has launched the 'Advertise Now, Pay Later' (ANPL) feature, allowing sellers to run ad campaigns without upfront payments. Targeted at small businesses and new brands, this initiative removes financial barriers by using sellers' existing earnings as collateral. Over 24,000 sellers have joined, benefiting from increased visibility and growth opportunities. This model contrasts with Amazon and Meesho's approaches, streamlining the process without credit checks or hidden charges.
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