Flipkart’s ₹400 Crore Diwali Gift: A Big Thank You to 7,500+ Employees

In a heartwarming move just before Diwali, Flipkart has announced a substantial $50 million employee stock ownership plan (ESOP) buyback program. This translates to approximately ₹400 crore being distributed among over 7,500 eligible employees, making this festive season even more special.

CEO Kalyan Krishnamurthy Applauds Team’s Contributions

CEO Kalyan Krishnamurthy expressed his appreciation for the team’s hard work and dedication, acknowledging their significant contributions to Flipkart’s continued success. He highlighted the buyback as a recognition of their efforts and a gesture of gratitude for their commitment to achieving ambitious goals.

Boosting Morale Ahead of IPO?

This generous buyback program comes as Flipkart continues its journey towards a highly anticipated initial public offering (IPO). Such initiatives not only boost employee morale but also strengthen the company’s position as it prepares for the public market.