Flipkart Launches USD 50 Mn ESOP Buyback
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Flipkart has announced a USD 50 million employee stock buyback programme, offering liquidity to around 7,000 to 7,500 staff members, according to an internal memo and a report by The Economic Times.
Under the Flipkart Stock Option Plan 2012, eligible employees can sell up to 5% of their vested stock options. These options must have vested between July 6, 2022, and July 5, 2025. Each option will be liquidated at USD 174.32, with payouts set for August 2025.
"Our core businesses are performing well, and quick commerce continues to scale at an unprecedented pace, delivering unparalleled convenience to our customers," Flipkart CEO Kalyan Krishnamurthy wrote in a note to employees.
He also mentioned that if the company meets its key goals by the end of 2025, a second ESOP liquidity event allowing an additional 5% sell-off could be unlocked in early 2026.
This is Flipkart's first major ESOP buyback since 2023, when it completed a USD 700 million programme for current and former employees.
The Walmart-owned ecommerce giant, valued at USD 35 billion, recently shifted its legal base from Singapore to India, aligning operations with local regulations ahead of a potential IPO. The move follows similar decisions by Indian startups like PhonePe and Razorpay.
At its internal townhall, Flipster Connect, Flipkart announced plans to hire 5,000 employees in 2025 across its quick commerce service Flipkart Minutes, fintech platform Super.money, and AI divisions.
Walmart CFO John David Rainey recently said that Flipkart continues to show strong revenue growth, despite margin pressure from increased investments.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
India orders airlines to check fuel switches on Boeing jets
India's aviation regulator has ordered the country's airlines to inspect fuel control switches in Boeing aeroplanes, after their reported involvement in a fatal Air India crash that killed 260 people in June. The Directorate General of Civil Aviation (DGCA) said the order comes follows Indian and international airlines already starting to carry out their own checks. It comes after the US Federal Aviation Administration said on Monday that the fuel control switches in Boeing aeroplanes are safe. The safety of the switches has become a key point of concern after a preliminary report on the disaster found fuel to the engines of the plane involved cut off moments after take-off. The disaster involving London-bound Flight 171, a Boeing 787 Dreamliner, was one of the worst aviation incidents globally in almost a decade. Since the publication of the preliminary report on Saturday a number of different stakeholders, both in India and internationally have taken action and issued statements in response to it. What we know so far about Air India crash investigation In its order, India's aviation regulator has asked for checks to be carried out by 21 July, noting that "strict adherence to the timeline is essential to ensure continued airworthiness and safety of operations". The checks being requested are in line with a 2018 advisory by the Federal Aviation Administration (FAA), the US's aviation authority, which was referenced in the preliminary report. The 2018 advisory urged - but did not mandate - operators of Boeing models to inspect the locking feature of the fuel cut-off switches to ensure they could not be moved by accident. Air India had not carried out those inspections because they were not mandatory, the AAIB said in its preliminary investigation. The DGCA has now ordered airlines to carry out the checks and report back. In its response to the report, the FAA said the 2018 advisory was "was based on reports that the fuel control switches were installed with the locking feature disengaged" - but added that it does not believe this makes the planes unsafe. Boeing fuel switches safe, regulator says after Air India crash Separately on Monday, a group representing Indian airline pilots defended the flight's crew. The Indian Commercial Pilots' Association said staff on board had "acted in line with their training and responsibilities under challenging conditions and the pilots shouldn't be vilified based on conjecture". The preliminary report, published by the India Aircraft Accident Investigation Branch (AAIB) on Saturday, said the switches on Flight 171 controlling fuel flow to the jet's engines had been moved from "run" to the "cut-off" position, hampering the thrust of the plane. In recovered cockpit voice recordings, the report said one of the pilots can be heard asking "why did you cut off?" - to which the other pilot replied he "did not do so". The preliminary report states its role is "not to apportion blame or liability". Also on Monday, the Reuters news agency reported that South Korea was waiting to order all airlines in the country which operate Boeing jets to examine fuel switches.
CNET
29 minutes ago
- CNET
Walmart Deals of the Day: $120 Discount Drops the Apple Watch Series 10 to a New Low
Don't worry if you missed out on last week's massive Prime Day sale. The savings are still going strong at Walmart, where you can pick up tons of top-rated tech at a record-low price. To help you make the most of these holdover deals, we've rounded up some of the best bargains available below. For today, July 14, that includes new all-time low prices on the Apple Watch Series 10 and the over-ear Beats Solo 4 headphones, as well as a $60 discount on the top-rated Google Nest Doorbell. Though we don't expect these deals to stick around for too much longer, so we'd recommend taking advantage of these savings sooner rather than later. The Apple Watch Series 10 is the latest model in Apple's flagship lineup, and offers some serious improvements over its predecessor. That includes a thinner design, larger display and some new features like sleep apnea detection, which earned it the overall top spot on our list of the best smartwatches of 2025. And with this Walmart deal, you can get one on your wrist for a new record-low price. If you find over-ear headphones to be a little bulky, the Beats Solo 4s are an excellent alternative, and you can grab all three colors for a record-low price right now. They're one of our favorite pairs of on-ear headphones for 2025, with our reviewer commending them for their sound quality, battery life and voice-calling performance. They lack active noise cancellation but support spatial audio if you're an Apple user. Plus, they boast an impressive 50 hours of listening time per charge. They're also very lightweight at just 217 grams, and the plush ear cushions help reduce outside noise. Though this deal is for the wired version, the second-gen Google Nest is one of our favorite video doorbells of 2025. Our reviewer praised its simple design and suite of convenient features, particularly its free cloud storage for up to three hours of footage. It boasts HD video resolution, a 145-degree field of view, night vision and 24/7 live streaming so you can check in any time. Plus, it can even differentiate between people, vehicles, animals and packages for detailed alerts sent right to your phone. And it supports two-way audio so you can easily chat with visitors. Just note that this wired model will require existing doorbell wiring to be installed. You'll also need to add it to your cart to see the discount.
Yahoo
35 minutes ago
- Yahoo
O'Reilly Automotive, Inc. (ORLY): A Bear Case Theory
We came across a bearish thesis on O'Reilly Automotive, Inc. on by moneytr33. In this article, we will summarize the bears' thesis on ORLY. O'Reilly Automotive, Inc.'s share was trading at $90.13 as of June 30th. ORLY's trailing and forward P/E were 33.13 and 30.67 respectively according to Yahoo Finance. O'Reilly Automotive (ORLY), widely regarded as a best-in-class auto parts retailer, is facing a compelling short case despite its operational excellence. The company boasts industry-leading same-store sales growth, unit expansion, and return metrics, but its current valuation—trading at 31x forward earnings—is at an all-time high and appears disconnected from its underlying fundamentals. At this elevated multiple, ORLY offers a forward return of only 8–9%, driven by mid-single-digit revenue growth and a 3% free cash flow yield. Operational pressures are mounting as gross margins face headwinds and SG&A costs rise, leading to a decline in operating margins. Furthermore, share buybacks, once a key EPS lever, have become uneconomic given ORLY's earnings yield is now below its cost of debt, eroding prior financial engineering advantages. The pro segment, though sticky and lower-margin, is maturing, and growth has decelerated. Meanwhile, competitive threats are rising—from Walmart's expanding auto parts push to a rejuvenated Advance Auto Parts reducing market share giveaways. Structural risks such as fewer parts in EVs and a future shift toward autonomous vehicles could dampen long-term sentiment. Historically, valuation air pockets—as seen in 2017—have led to multiple compression, especially as cyclical tailwinds like post-COVID car demand normalize. Today's 31x forward P/E, 1.5x the S&P's multiple versus a historical average of 1.14x, could revert to or fall below market multiples, implying over 30% downside. Though ORLY is not expected to implode fundamentally, it now resembles a richly priced, maturing business in an increasingly competitive and uncertain landscape—making it an attractive relative short. Previously we covered a bullish thesis on AutoZone, Inc. by The Compounding Tortoise in June 2025, which highlighted its attractive valuation, strong same-store sales rebound, and long-term growth from new mega hubs. The company's stock price has appreciated approximately by 1.4% since our coverage. This is because the thesis played out modestly. moneytr33 shares a contrarian view on peer O'Reilly Automotive emphasizing its stretched valuation and margin pressures. ORLY isn't on our list of the 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the risk and potential of ORLY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
