Flipkart loses 14 senior executives amid IPO delay and ESOP dispute
Flipkart has seen 14 senior-level exits, including three VPs set to leave: smartphones, product and tech, and corporate. The churn comes as Walmart pushes for EBITDA breakeven by the end of FY27 before an IPO, while employees seek liquidity for vested ESOPs and the valuation sits at $35–36 Bn.
- Three VPs among 14 senior exits at Flipkart
- Walmart wants EBITDA breakeven by end of FY27 before IPO
- Valuation stands at $35–36 Bn versus an earlier $50 Bn target
- Former executives asked Walmart's board for ESOP cash-out
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