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Around 1,000 ex-Flipkart staff press Walmart for ESOP liquidity as the IPO faces further delay

About 1,000 former Flipkart group employees approached the boards of Walmart and Flipkart in a representation dated October 10, 2026, seeking liquidity for vested stock options. The IPO, targeted at about $50 billion, could be delayed by another one to two years.

Flipkart's July buyback valuation versus its targeted IPO valuation
July employee buyback valuationabout $38.2 billion
Targeted IPO valuationabout $50 billion

Newer report , , Business Standard : Flipkart narrows FY26 net loss by about ₹180 crore as revenue rises 18%

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Reported figures

From the report. Source details below

Signatures within 24 hours of circulation: More than 500
Valuation in July employee buyback: about $38.2 billion
Vested options eligible for buyback: up to 5 per cent
Flipkart Internet FY25 net loss: ₹1,494.2 crore
Flipkart Internet FY25 total income: ₹20,807.4 crore
FY25 net loss narrowing: 36.7 per cent

The source

Source Read the source at Business Standard

Published

Confirmed by Mint, Financial Express, ET Retail

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