Bonanza for employees as funding spurs startups to buyback ESOPs

Flipkart's board has approved a $100-million buyback of employee stock options

A spurt in funding and large acquisitions in India's consumer internet space over the past year has led to employees of these firms cashing out their stock options and making huge returns.

According to a report in the Economic Times, the Flipkart board has approved a $100-million buyback of employee stock options. The move, which could benefit as many as 6,000 current and former employees, comes soon after Flipkart raised close to $4 billion from investors this year.

Flipkart isn't alone in celebrating its success with employees. Paytm, the country's largest mobile payments firm also gave employees a chance to