Connect with us

Latest News

Flipkart Pulls Of One OF The Biggest Employee Retention Coups Yet!

Published

on

Flipkart Biggest Employee Retention Coups,Biggest Employee Retention In e commerce,Best Retention Strategies Used By Flipkart,Flipkart New Plan Employee Retention,employee retention scheme,Startup Stories,Latest Business News 2017,Inspirational Stories 2017

Earlier in the year, Flipkart issued a statement it would issue stock options for all its eligible employees under a stock option plan to prevent them from being affected by the share price drop during their latest fundraiser. Thousands of Flipkart employees received shares of stocks under this scheme. The people who were eligible for this particular plan were those who were issued shares after the recent revaluation. Flipkart created this new scheme in an attempt to make a big impact in their end financial game plan.

The new plan by Flipkart is considered to be one of the biggest buyback plans that has been approved by a capital venture. Through the new plan, the board of Flipkart made sure that they can help about 6000 former and current employees. This is one of the biggest incentives by the company to help these employees to liquidate their share holdings in Flipkart.

The move came at a time when Flipkart realized most of its spending was on salaries. In order to reduce this expenditure, Flipkart decided to give 35% to 40% of its mid level to senior level employees stock values rather than to pay them the entire salary. This bid has also been launched in an attempt to retain employees with exceptional talents and value adding capabilities.

In a bid to create a greater employee retention scheme, Flipkart is aiming at creating a unified employee and employer relationship, making working a unique and fun experience.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

Published

on

Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

Continue Reading

Latest News

How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

Published

on

Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

Continue Reading

Inverstors Stories

Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

Published

on

Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

Continue Reading
Advertisement

Recent Posts

Advertisement