Ex-Flipkart employees have built over $24.6 billion wealth

Startups founded by former Flipkart employees are collectively worth $24.6 billion as of 2024. The founding wave tracks the company's ESOP buybacks: $500 Mn in 2018, $100 Mn in 2019, $80 Mn in 2021. Liquidity turned employees into founders: 2019 saw 8 new startups from the alumni network, more than any other year in the last decade.