Flipkart Valuation Rises To $38.2 Billion After Employee Share Buyback
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Walmart-owned Flipkart has seen its implied valuation rise to around $38.2 billion following the second tranche of its employee stock buyback programme, Moneycontrol reported. This marks a 6 percent increase from the $36 billion valuation at which the e-commerce company last raised private capital in May 2024. However, the latest figure is not an official company valuation, and a more accurate assessment is expected during Flipkart's next fundraising round or a potential initial public offering (IPO), sources familiar with the matter said. The higher valuation comes after Flipkart completed a two-part employee share buyback programme worth approximately $50 million, or around ₹475 crore. The first tranche, valued at about $25 million, was launched in July 2025, while the second tranche was linked to the company achieving certain performance milestones over the following year. In an internal communication dated July 6, Group CEO Kalyan Krishnamurthy informed employees that Flipkart had met the required targets, enabling eligible employees to sell an additional portion of their vested shares. During the first phase of the buyback in July 2025, Flipkart had set the price at $174.32 per option, equivalent to over ₹14,000. The second tranche was executed at ₹713.4 per option. However, the comparison between the two prices is not straightforward as Flipkart has since shifted its...
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