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Flipkart Brings Back ESOPs

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Flipkart Brings Back ESOPs,Startup Stories,Startup News India,2018 Latest Business News,Flipkart Latest News,Flipkart Esop Value,BuyBack of ESOPs,Walmart Flipkart Deal,Buying ESOPs,Indian Startup ecosystem,Flipkart Employees

Post the Walmart Inc., and Flipkart deal, a number of Flipkart’s former employees have given public statements saying they were treated unfairly post the deal. While current Flipkart employees are able to cash out all their holdings in the company over the next two years, former employees are only able to cash in around 30% of their total holdings in the Bengaluru based e commerce platform.

While SoftBank is still looking at keeping its investments in Flipkart post the deal, Flipkart seems to be gearing up for further developments post the Walmart Flipkart acquisition. According to reports, the email read, “Over 30% of the vested options can be liquidated on or about the date of the closing of the proposed transaction. The liquidation of options would be at a price reflective of the transaction price, in the range of $125-$129 per option.”

Flipkart is said to have kept aside around $ 500 million for what is regarded as the largest shares repurchase system in the Indian startup eco system. The repurchase will go through once the board of directors approves the proposal and confirms the deal with its stamp of approval.

According to the new deal, existing employees can also liquidate their stock options in three installments. The first installments. The first part  can be done on the date of the closing of the Walmart date, the second part, (25%) can be a year later; while the remaining can be done in the third year. The e commerce giant plans on closing the deals along with getting approvals for the regulations over the next 60 to 90 days.

With Walmart’s acquisiton of Flipkart, the Bengaluru based platform is all set to take on the global world. With the company working at ensuring fair treatment of former and existing companies, Flipkart is ready to emerge as one of the largest e commerce platforms the country has seen to date.

 

 

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Jio BlackRock Gets SEBI Approval to Launch Brokerage Operations in India

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Jio BlackRock Broking Private Limited, a joint venture between Jio Financial Services and BlackRock Inc., has received final approval from the Securities and Exchange Board of India (SEBI) to commence operations as a brokerage firm. The regulatory nod, granted via a certificate of registration issued on June 25, 2025, allows the company to function as both a stockbroker and a clearing member in India’s financial markets. This milestone follows a series of regulatory clearances for the Jio BlackRock ecosystem, including approvals for mutual fund and investment advisory businesses, underscoring the joint venture’s ambition to build a comprehensive, digital-first financial services platform.

As a wholly owned subsidiary of Jio BlackRock Investment Advisers, the broking arm aims to deliver affordable, transparent, and technology-driven execution services to Indian investors. The company’s leadership has emphasized that the new platform will empower self-directed investors with seamless execution capabilities, complementing its broader strategy to democratize access to investment solutions in India. The approval is expected to further strengthen Jio BlackRock’s position in the rapidly expanding financial services sector, offering a full suite of products from mutual funds and advisory to brokerage, all accessible through user-friendly digital channels.

The market responded positively to the news, with Jio Financial Services shares rising over 4 percent following the announcement. Industry analysts view this regulatory milestone as a significant step in Jio BlackRock’s efforts to transform India’s investment landscape, moving the country closer to becoming a nation of investors rather than just savers.

 

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CoRover Unveils BharatGPT Mini: India’s First Offline Multilingual AI

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CoRover has launched BharatGPT Mini, India’s first offline multilingual AI model, at VivaTech 2025 in Paris, with the event officiated by Union Minister Jitin Prasada. This innovative Small Language Model (SLM), featuring around 534 million parameters, is specifically designed for edge devices and low-compute environments, enabling robust AI capabilities without the need for cloud connectivity. Its ability to function entirely offline and support 14 Indic languages makes it a powerful tool for digital inclusion, particularly in rural and remote regions where internet access is limited.

BharatGPT Mini’s architecture is optimized for deployment across various sectors, including healthcare, education, banking, and governance, allowing citizens to interact with essential services in their native languages. The model can be integrated into small businesses, government offices, and other organizations through the CoRover Builder platform, which offers a no-code solution for deploying AI assistants across web, telephony, and IoT systems. By processing data locally and encrypting it on-device, BharatGPT Mini ensures strong privacy and data sovereignty, aligning with India’s strategic goal of developing indigenous AI solutions. 

The launch has garnered strong support from both the Indian government and industry leaders, who see BharatGPT Mini as a catalyst for democratizing access to digital services. CoRover anticipates significant growth in the adoption of Small Language Models, with early feedback indicating a substantial increase in project demand. As CoRover looks to expand its expertise globally, BharatGPT Mini stands out as a scalable, multilingual, and privacy-centric solution, setting a new standard for inclusive and sovereign AI innovation in India’s diverse landscape.

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Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

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Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.

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