Eligible staff of Flipkart can sell up to 5% of vested stock options at Rs 713.4 per option, with payouts expected in August 2026
The second liquidity event for the employee stock options has been approved by Flipkart, which gives the qualifying employees another chance to monetize their vested ESOPs.
The decision was communicated internally by Group CEO Kalyan Krishnamurthy, who said the company’s board had cleared the second discretionary liquidity window after reviewing the progress made against business goals.
“Last year we had shared that there would be two liquidity events, with the second subject to us meeting certain goals. I am pleased to share that, after reviewing the progress we made together, the Board has approved this second discretionary ESOP liquidity event,” Krishnamurthy wrote in the internal communication.
Under the Flipkart Stock Option Plan 2026, active employees as of July 15, 2026 will be eligible to liquidate up to 5% of their outstanding options vested over the previous three years. The eligible vesting period runs from July 15, 2023 to July 15, 2026.
The liquidity price has been fixed at Rs 713.4 per option, with payouts expected in August 2026.
The latest window follows Flipkart’s earlier commitment to offer two ESOP liquidity opportunities. Last year, the company launched a $50 million ESOP liquidity programme, allowing eligible employees to liquidate up to 5% of their vested ESOPs at $174.32 per option. At that time, the second window was tied to the company meeting its performance targets.
People aware of the development pegged the second liquidity event at around $25 million, taking the combined value of the two tranches to about $50 million.
For employees, the approval marks another payout opportunity at a time when ESOP liquidity has become an important retention and wealth-creation tool across India’s startup and internet economy. For Flipkart, it also signals continuity on an employee promise that was linked to internal performance milestones.
Krishnamurthy also connected the development to Flipkart’s next phase as an India-domiciled company.
“In 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.
Flipkart has conducted multiple ESOP buybacks over the years, including a $700 million liquidity event, described as one of the largest employee payouts by an Indian-origin privately held company.
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