DizzyJellybean

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?

17mo ago

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DancingNoodle

X (formerly Twitter)17mo

Got around 3CR

SillyCoconut

Stealth17mo

What's your designation

DancingNoodle

X (formerly Twitter)17mo

Tech Architect

SparklyBanana

Stealth17mo

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

WobblyUnicorn

Stealth17mo

asking the real questions 😂

GigglyMochi

Student17mo

You can try joining well funded, high growth startups like LCF and many more.

FluffyTaco

Stealth17mo

I know a friend got 5 lakh after a year

But that's all peanuts. VP in Flipkart get enough to buy 5-6 villas. And don't even get me started on SVPs

SillyCoconut

Stealth17mo

How much they get paid any idea ? I thought only in isa based companies vp can make millions

SillyCoconut

Stealth17mo

*usa

PrancingJellybean

Stealth17mo

Joined in 2019 - entry level role. stayed for a year. Got around 40k payout now

GoofyDonut

Stealth17mo

🫂

DizzyWaffle

Stealth17mo

👍

SnoozyJellybean

Flipkart17mo

Lots of people seem confused how this payout works due to PhonePe and Flipkart Group (including Flipkart, Cleartrip, Myntra, etc),

Adding detailed context on this payout works below:

SnoozyJellybean

Flipkart17mo

This payout is a result of two events combined: (i) demerger of PhonePe from Flipkart Group (ii) solo valuation of PhonePe being higher than its valuation when it was a part of the group.

SnoozyJellybean

Flipkart17mo

In simple terms:

Imagine you owned a group F0 worth 100 which had several companies including a company P.
Now P leaves the company, and is valued 40 in the market on its own.
Meanwhile F1 (i.e. F0 without P) is valued at 80. (It decreases)
But as per market the fair value of F0=F1+P=80+40 =120 now. (Which is 20 more than the earlier value of F0 100)
So the original owner of F0 is given balance 20, and is left with F1 ownership worth 80.

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Curated from across

Indian Startups17mo

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. ⁠

Indian Startups17mo

Flipkart Payout thread 💰💰💰💰

Who made how much? This is some good news given the layoffs and the funding winter. If someone can share; ESOPs vested, role at the company , YOE and how much they made, would motivate others to believe in the long term.

Indian Startups17mo

🤑Flipkart guys- made any ESOPs monies

read phone pe stock is getting liquidated. https://thearcweb.com/article/phonepe-flipkart-esops-walmart-kalyan-krishnamurthy-e6SG1DIckJY5QYZz

how much did you make?

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