Walmart-owned Flipkart has approved its second employee stock ownership plan (ESOP) liquidity event in 12 months, allowing eligible employees to cash out up to 5% of their vested stock options.
Under the Flipkart Stock Option Plan 2026, all active employees on the company’s rolls as of July 15, 2026, will be eligible to liquidate up to 5% of outstanding options vested between July 16, 2023 and July 15, 2026. The liquidity price has been fixed at ₹713.4 per option, with payouts scheduled for August 2026.
“As you may recall, last year we had shared that there would be two liquidity events, with the second being subject to us meeting certain goals. I am pleased to share that, after reviewing the progress we have made together, the Board has approved this second discretionary ESOP liquidity event,” Flipkart Group CEO Kalyan Krishnamurthy wrote in an internal email to employees.
Krishnamurthy also referenced the company’s recent shift to an India-domiciled holding structure. “As we begin this next chapter as an India-domiciled company, our ambition remains unchanged: to build one of the world’s most admired technology and commerce companies from India. The opportunity ahead of us is immense, and I firmly believe our best work is still to come,” he wrote.
The current event follows a $50 million (roughly ₹428 crore) ESOP buyback in July 2025, which benefited around 7,000 employees at a liquidation price of $174.32 per option. According to sources cited by Entrackr, the second tranche is valued at approximately $25 million, taking the combined value of both events to around $50 million. Flipkart’s largest liquidity event to date remains its 2023 buyback, valued at nearly $700 million.
The move comes as Flipkart scales its quick commerce arm, Flipkart Minutes, and explores entry into food delivery, ticketing, and live events, alongside its shift to an India-domiciled structure, widely viewed as a step toward a future public listing. For India’s startup ecosystem, recurring ESOP liquidity events continue to function as a key retention and wealth-creation lever, particularly as companies delay traditional IPO timelines.
