IPO Bound Flipkart to Buy Back $50 Million in ESOPs, Benefiting Over 7,000 Employees

Flipkart has launched a $50 million (approx. ₹430 crore) employee stock buyback programme, as per news reports. This will allow around 7,000 to 7,500 current employees to liquidate a portion of their vested stock options. The announcement was shared internally with staff on July 5, 2025.

Scope and Timeline

Employees can sell up to 5% of stock options vested between July 6, 2022, and July 5, 2025. The payout is set at $174.32 per share. Disbursements are expected to take place in August 2025. Only employees currently on the company’s rolls are eligible.

Flipkart may open a second 2nd window early next year. This will depend on whether the company meets specific internal milestones by the end of this year. If triggered, this event will also allow up to 5% of eligible ESOPs to be sold.

Context and Company Size

The company is currently valued at around $36 billion. It has a total workforce of about 22,000 employees. The latest buyback is smaller than the $700 million ESOP buyback conducted in 2023, which included both current and former employees.

Since 2018, Flipkart has conducted ESOP buybacks worth roughly $1.5 billion. These have been carried out in multiple rounds, including a $500 million programme following Walmart’s acquisition. ESOPs are used to provide partial liquidity and employee retention.

Ongoing Restructuring

As per news reports, Flipkart is planning an initial public offering (IPO) and is expected to file papers in the next 12-15 months. The company has also shared its intent to relocate its holding structure from Singapore to India as part of IPO preparations. It is reportedly targeting a $60-$70 billion valuation.

Read more: Flipkart’s Ekart Achieves Profitability: 10x Revenue Growth, 50x Customer Rise, Targets 12x EBITDA!

Conclusion 

Payments for the current ESOP buyback are due in August 2025. The total buyback value stands at $50 million. Future buybacks may be announced based on internal progress.

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