Flipkart, owned by Walmart, has announced a $50 million stock buyback plan for its employees. This means over 7,000 to 7,500 employees may get a chance to sell some of their company stock for cash. This move comes as Flipkart is preparing for a possible IPO (initial public offering) next year.
What Is the Plan?
Employees can sell up to 5% of their stock options that were given to them between July 6, 2022, and July 5, 2025.
Each option will be bought at $174.32, and the payment will be made in August 2025.
To be eligible, employees must still be working at Flipkart as of July 5, 2025.
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CEO’s Message to Employees
Flipkart Group CEO Kalyan Krishnamurthy told employees that this plan is a way to reward and keep talent in the company. He also hinted that if the company meets certain performance targets by the end of the year, another 5% stock buyback could happen in early 2026.
He encouraged employees to stay motivated and continue working toward innovation and customer satisfaction.
Previous Buybacks
This isn’t the first time Flipkart has rewarded employees this way. In 2023, Flipkart did a $700 million stock buyback, the largest ever by an Indian internet company. In total, the company has given back about $1.5 billion to its employees through such buyback programs over the years.
Company Growth
Flipkart is currently valued at $35 billion and has around 22,000 employees. It’s also focusing on growing its quick delivery service called Flipkart Minutes, which plans to have 800 dark stores (warehouses for fast delivery) by the end of 2025.
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What’s Next?
The announcement comes ahead of Flipkart’s biggest sale event — the Big Billion Days — set for October, a major source of revenue for the company.
Krishnamurthy ended by thanking employees for their hard work and said that Flipkart’s success is a result of their dedication. He added that the company’s future looks promising, and they must continue working together to grow and succeed.
