Flipkart’s Esop buyback; TCS employees await appraisals

IPO-bound Flipkart is conducting another round of Esop buybacks. This and more in today’s ETtech Top 5.

Also in the letter:
■ AI talent war
■ Age of IT-BPO combo
■ Global vs local: Online taxi edition

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Flipkart to buy back $50 million in employee stock; 7,500 staff may benefit

Flipkart is offering $50 million in liquidity to approximately 7,000-7,500 employees as the Walmart-owned ecommerce giant prepares for a potential IPO.

What’s the matter: The company, last valued at $35 billion, has introduced a new buyback scheme enabling…