- The move comes after e-commerce giant received $3.6 Billion funding from global investors
- Flipkart to provide an additional buyback of 5% of all vested options
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- Walmart-owned Flipkart has announced buyback of employee stock options (ESOPs) worth INR 600 Cr. The moves come at a time when the Bengaluru-based ecommerce giant raised funding worth $3.6 Billion from global investors including Softbank, which had earlier exited the firm. The investment pushed Flipkart’s valuation to $37.6 Bn.
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Flipkart Private Limited is an Indian e-commerce company established in 2007.
It started with a primary focus on online book sales and soon, expanded to lifestyle products, electronics, home essentials and groceries.