Flipkart buys back $50 million in employee stock; 7,500 staff benefit

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Flipkart has completed a $50 million employee stock buyback, offering liquidity to around 7,000–7,500 staff at a time when the Walmart-owned ecommerce giant is looking to go public. The etailer is currently valued at about $35 billion, with employees holding roughly 5% through vested stock options.