Flipkart's $700 million payout to benefit 25,000 employees: Report

Investors of Flipkart including Walmart will pay for the cash payout and it will benefit past and present employees of Flipkart, Myntra and PhonePe

Flipkart's $700 million one-time cash payout will benefit at least 25,000 past and present company employees, making it one of the biggest wealth reaction instances in the Indian startup ecosystem, a report by Moneycontrol said. 

 

Investors of Flipkart, including Walmart, will pay for the cash payout and benefit past and present employees