100 Flipkart employees may become millionaires after sale
Over 100 Flipkart employees are reportedly estimated to be worth over $1 million after Walmart's acquisition of a 77% stake in the Indian startup. The employees are expecting payouts in the form of Employee Stock Option Plan (ESOP) as a result of Flipkart's increased valuation to $20.8 billion. The deal boosted Flipkart ESOPs to a reported amount of $2 billion.