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After Walmart deal, start-up ecosystem to cash in on Flipkart millionaires

The Bengaluru-based company, as part of the $16 billion investment by Walmart, has earmarked around $500 million towards buying back employee stock options

Topics
Flipkart  |  Walmart  |  Walmart Flipkart Deal

Alnoor Peermohamed & Bibhu Ranjan Mishra  |  Bengaluru 

Heard of the Paypal mafia? These are the former employees and founders of the global payment giant who used the millions of dollars in wealth they created for themselves to start some of the most valuable companies in the world, such as Tesla, LinkedIn, YouTube and Palantir Technologies. This was in the US.

But this phenomenon may also get repeated here in India, thanks to the mega deal that global retail giant Walmart sealed with Flipkart to acquire 77 per cent of the company at a valuation of $20.8 billion. As part of the deal, Flipkart is giving the option to its employees to ...

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First Published: Fri, May 11 2018. 07:01 IST
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