SquishyQuokka
SquishyQuokka

Flipkart esop buyback? Did anyone got to be a millionaire?

Employees @Flipkart are set to receive a one-time cash payout from a $700 Mn employee stock option plan (ESOP) buyback. ⁠

21mo ago
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FuzzyLlama
FuzzyLlama

It was reported that 30k employees will benefit from it, but 200mil of sorts will go to 30 odd early employees. So only them mostly, rest will get peanuts.

FluffyTaco
FluffyTaco

As per reports it's just 20% of their vested + unvested shares. So not much. Chill out

JumpyPotato
JumpyPotato
Cred21mo

I think many early employees would've sold during walmart acquisition right..

WobblyBanana
WobblyBanana

Nope

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News Discussion
by DizzyJellybeanPayPal

Flipkart ESOP payout worth $700M

Any news on who is getting it, what's like an average payout for eligible employees? As per the news article, approx 19000 employees are getting it. Anyone has insider info?

Top comments
user

Got around 3CR

user

Which company should I join for this kind of payout in future?

user

Got around 7L from phone pe payout. Suddenly feels like 3-4 months salary hit my bank account suddenly.

AMA
AMA21mo
by SparklyBobaEquityList

Live AMA: Hey everyone, I'm Kashish, CEO of EquityList. Ask me anything!

Hi folks,

I'm Kashish, the CEO of EquityList and Founder of Cloud Capital which I run as a solo GP. A little bit about what we do:

EquityList is a full-stack equity management platform by AngelList India. Companies across India,...

Top comment
user

Oh wow, an open AMA. Have a few questions. 1. How would you like employees to think about their ESOPs? Perhaps...

Misc
Misc21mo
by BouncyDonutEngineering Manager

Are ESOP worth it? Did it make anyone billionaire?

I am in discussion with some very early stage startup and if things work out then will be part of the founding team. They have promised to give me same salary as the current company’s salary but give ESOP. Is ESOP worth it if you are fou...