Flipkart to buy back employee stock options worth Rs 600 crore

New Delhi: Walmart-owned Flipkart will undertake a buyback employee stock options worth about Rs 600 crore, according to sources. Earlier in the day, Flipkart announced raising $3.6 billion (about Rs 26,805.6 crore) in funding from a clutch of investors that valued the e-commerce major at $37.6 billion (about Rs 2.79 lakh crore).

In an e-mail to employees, Flipkart Group Chief Executive Officer Kalyan Krishnamurthy lauded the critical role played by the staff in reaching this milestone.