Flipkart’s ESOP Touches $100 Million 

E-commerce major Flipkart on Wednesday said it has completed an Employee Stock Options repurchase programme worth over USD 100 million buying back shares from more than 3,000 past and present employees of the group.

"...over 3,000 past and present employees of the Flipkart Group participated in the buyback offer that led to a disbursement of over USD 100 million," Flipkart said in a statement.

Earlier this year, Flipkart had raised close to USD 4 billion funding this year from investors, including Japan's SoftBank, Chinese internet giant Tencent and software major Microsoft.

Flipkart said it had started the programme in October, wherein all eligible current and former employees of Flipkart, and group companies Myntra, Jabong and PhonePe were offered to sell to the company a part of their vested ESOP (employee stock ownership plan) units.