The Flipkart-Walmart agreement will be the most powerful and the latest trigger for a new wave of interest amongst the employees in the startup/e-commerce sector. Besides the positivity created by the acquirement, the wealth made via Esops (employee stock option plans) for professionals in Flipkart will potentially provoke others (who left e-commerce) to consider for a return in this segment. This was claimed by investors, recruiters, and industry share holders.
“We are witnessing a lot of crowd, comprising at leadership stages, to get back to this segment. This comprises professionals from other traditional segments including FMCG, those who had exited when times were not so good,” claimed managing director at The Head Hunters India, Kris Lakshmikanth, to the media in an interview.
“This agreement is a vote of self-assurance in e-commerce and calms skepticism & fears about survival & sustenance of the segment,” claimed head of human resources at Big-Basket, TN Hari, to the media in an interview. Big-Basket lately lifted $300 Million in a funding round spearheaded by Alibaba. “Although it is early, there is a chance that it will draw more users from traditional industries and old brick-and-mortar stores.” Trust in stock option plans is being placed back again. “Flipkart has established to be an extremely good example from ESOPs point of view. There are very few examples where professionals will make such fortune.”
On a similar note, Flipkart has rolled out balances and checks for its sellers to review quality of the product so that it can lower its rate of return from users owing to products’ poor quality. According to a media report, Flipkart sent a mail to its sellers claiming that if they become unsuccessful to pass the review, they can be delisted or they may even lose the badge of “Flipkart Assured” on the website.