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Flipkart has announced its second ESOP liquidity scheme in two years, allowing qualifying workers to encash up to 5% of their vested stock options at INR 713.4 per share. Flipkart’s move comes after it hit major commercial milestones. Employee stock ownership plan (ESOP) liquidity events have been publicised for the second time in two years by Walmart-owned Flipkart. This means that qualified workers can cash out up to 5% of their vested stock options. In preparation for a possible public listing following its domicile change to India, the e-commerce giant is rolling out the ESOP. Group CEO Kalyan Krishnamurthy informed staff in an internal message that the board of directors had authorised the second discretionary liquidity programme following the achievement of the company's goals from the previous year. All workers who are still working as of July 15, 2026, are allowed to sell up to 5% of their outstanding options that vested between July 16, 2023, and July 15, 2026, according to the Flipkart Stock Option Plan 2026. Withdrawals are planned for August, and the liquidity price is set at INR 713.4 per share option. In the memo, Krishnamurthy mentioned that last year, the company had announced two liquidity events, with the second one contingent on the achievement of specific targets. "I am pleased to share that, after reviewing the progress we have made together, the Board has approved this second discretionary ESOP liquidity event," he announced. In 2025, Flipkart launched an ESOP repurchase of $50 million, which enabled employees to liquidate up to 5% of their vested stock options. This latest scheme follows in that vein. Back then, the firm had promised to contemplate a second liquidity event in the event that it met certain commercial goals. The most recent announcement satisfies that promise. The most recent buyback coincides with Flipkart's transition to an India-domiciled business, which is generally believed to be laying the groundwork for an initial public offering (IPO) in India. The firm's mission to establish one of the world's most recognised technology and commerce companies from India remains unaltered as it begins this next chapter as an India-domiciled corporation, according to Krishnamurthy. As a means of rewarding workers and keeping top talent, Flipkart has routinely held ESOP liquidity events. The company's ESOP buyback was initiated with a budget of around $100 million after Walmart's 2018 acquisition. Then, in 2021 and 2023, two considerably bigger liquidity programmes took place, with a combined value of over $700 million. These were among the most significant events in India's startup and tech ecosystem for creating wealth among employees. In preparation for an initial public offering (IPO), Flipkart is actively seeking to retain talent, and the most recent liquidity event will likely provide workers another chance to cash in on some of their ownership. According to industry insiders, tech companies and startups are utili