- Despite a declining trend in ESOP buybacks in 2023, a $700m payout by Flipkart has caused a sharp rise in the sector.
- Since 2020, over 80 startups have bought back ESOPs worth $1.45bn, with 80% of buybacks performed by 20% of the startups.
- Flipkart, the largest contributor in the sector, accounted for over 50% of the total buyback since 2020.