Wednesday, January 20, 2021

More Than 100 Employees at flip kart become dollars millionaires

After a big deal with Walmart on Wednesday. Walmart owned 77% of a flip kart. Flip kart Co-founder and group CEO Binny Bansal announce that 100% buyback of vested ESOPs. The buyback could be at around 10,000 Rs a share.

Walmart makes deal with a flip kart and owns 77% this will make a host of former and current employees with share become rich and over 100 employees will become dollar millionaires. more than 3000 employees holding shares. The company has a total strength of about 10,000.

At Bengaluru employee town hall there was a big cheer when Binny Bansal announced 100% buyback of vested ESOPs. The buyback could around $150 a share.

From 10000 employees Sameer Nigam founder of phonepe become dollar millionaires, Amod Malviya payment arm of flip kart, Sujeet Kumar former chief technology officer, Mukesh Bansal,vaibform Udaan former president of operations, Ananth Narayanan CEO of Myntra and Jabong, Mekin Maheswari former chief people officer, Ankit nagori, former chief business officer.

Malviya, Kumar, and Gupta went on to the found trading platform, which works on developing entrepreneurial mindsets amongst youth from difficult backgrounds