Flipkart Announces Second Employee Stock Option Liquidity Event in a Year
Walmart-owned e-commerce company Flipkart is offering eligible employees an opportunity to sell vested stock options. This marks the second such liquidity event for employees within the last 12 months.
Walmart-owned e-commerce major Flipkart has announced its second ESOP liquidity event in the past year, allowing eligible employees to sell up to 5% of their vested options accrued over the last three years. The company has set the liquidity price at ₹713.4 per option, with payouts expected in August 2026.
This move follows the company's internal announcement regarding its board's approval after reviewing its progress. Flipkart's CEO Kalyan Krishnamurthy reiterated the company’s long-term plans to build a global technology and commerce business from India.
Last year, Flipkart conducted a similar ESOP buyback program valued at $50 million. This event comes as Flipkart expands its operations, including its quick commerce business and considers entering food delivery and ticketing segments.
The company has also been preparing for a potential public listing in India following its corporate restructuring. While previously exploring pre-IPO funding, reports suggest the IPO plans have been deferred until at least 2028, with a focus on achieving profitability.