Flipkart starts crediting $700 million one-time payout to employees
Image Credit: NewsBytes
It is Big 'Million' Day at Flipkart. Not for the customers but for employees. The e-commerce giant has started the much-anticipated $700 million payout to employees. The company is compensating staffers for the devaluation of Flipkart's shares resulting from the split of PhonePe. The one-time discretionary payment is the largest of its kind in India's start-up ecosystem.