At least 25,000 current and former employees of Walmart-owned e-commerce major Flipkart will likely benefit from its $700 million one-time cash payout, making it one of the largest instances of wealth creation in India’s thriving startup space.
Flipkart’s bonanza comes at a time when most startup employees have had a tumultuous 2022, as the heydays of funding and fat pay hikes gave way to sobriety and a reality check, as investors turned cautious. This will undoubtedly include former and current employees of Flipkart, Myntra, and PhonePe, according to the sources cited above. Flipkart announced last week a one-time discretionary cash payout of up to $700 million to nearly 25,000 former and current employees who hold employee stock options.
Would-be entrepreneurs have an extra helping hand from Luxembourg’s Chamber of Commerce, which has published a new practical guide. ‘Developing your business: actions to take and mistakes to avoid’, was written to respond to the needs and answer the common questions of entrepreneurs. “Testimonials, practical tools, expert insights and presentations from key players in our ecosystem have been brought together to create a comprehensive toolkit that you can consult at any stage of your journey,” the introduction… Source link
B&H Photo is one of our favorite places to shop for camera gear. If you’re ever in New York, head to the store to check out the giant overhead conveyor belt system that brings your purchase from the upper floors to the registers downstairs (yes, seriously, here’s a video). Fortunately B&H Photo’s website is here for the rest of us with some good deals on photo gear we love. Save on the Latest Gear at B&H Photo B&H Photo has plenty of great deals, including Nikon’s brand-new Z6III full-frame… Source link
Long before Edgar Wright’s The Running Man hits theaters this week, the director of Shaun of the Dead and Hot Fuzz had been thinking about making it. He read the original 1982 novel by Stephen King (under his pseudonym Richard Bachman) as a boy and excitedly went to theaters in 1987 to see the film version, starring Arnold Schwarzenegger. Wright enjoyed the adaptation but was a little let down by just how different it was from the novel. Years later, after he’d become a successful… Source link
