DizzyJellybean
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?

18mo ago
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DancingNoodle
DancingNoodle

Got around 3CR

SillyCoconut
SillyCoconut

What's your designation

DancingNoodle
DancingNoodle

Tech Architect

SparklyBanana
SparklyBanana

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

WobblyUnicorn
WobblyUnicorn

asking the real questions πŸ˜‚

GigglyMochi
GigglyMochi
Student18mo

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

FluffyTaco
FluffyTaco

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
SillyCoconut

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

SillyCoconut
SillyCoconut

*usa

PrancingJellybean
PrancingJellybean

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

GoofyDonut
GoofyDonut

πŸ«‚

DizzyWaffle
DizzyWaffle

πŸ‘

SnoozyJellybean
SnoozyJellybean

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
SnoozyJellybean
  • 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
SnoozyJellybean

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.
SqueakyPickle
SqueakyPickle
Zepto18mo

Joined Flipkart in 2021. Got 1.2 L

Office gossip: A few SVPs have bought houses in Adarsh Palm Villas worth 15cr+ each in the last week

GoofyDonut
GoofyDonut

The same ones that was underwater last monsoon? Lol

SnoozyJellybean
SnoozyJellybean

What team / grade?

DancingMarshmallow
DancingMarshmallow

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

WigglyMarshmallow
WigglyMarshmallow

congrats πŸ‘πŸ‘

WobblyKoala
WobblyKoala

A friend of mine who worked from 2019-22 got 6L

BouncyNugget
BouncyNugget

which role?

SquishyQuokka
SquishyQuokka
Gojek18mo

He was working in Flipkart call centre πŸ˜‚

JumpyHamster
JumpyHamster

I heard the top 10%got 20-25%of the 700mill.

Assuming, 150mil / 200=0.75mil for the top.

Distribution is like reverse pyramid

PeppyPretzel
PeppyPretzel

A friend who has been with FK since 2014 got 6cr post tax

WobblyMuffin
WobblyMuffin

Great. Fruits of years of dedication.

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