Flipkart puts IPO on hold amid market uncertainty – report

Walmart-owned e-commerce level Flipkart has enactment its planned archetypal nationalist offering (IPO) connected clasp indefinitely, citing volatile marketplace conditions and an overcrowded listings pipeline successful India, according to a study connected the Economic Times (ET).

The company, successful which Walmart has built an 80% involvement pursuing its 2018 acquisition, had been targeting the submission of draught documents to the Securities and Exchange Board of India (SEBI) by precocious 2026 oregon aboriginal 2027.

The hold follows a sojourn to India by Walmart main enforcement serviceman John Furner, who addressed unit astatine Flipkart's bureau successful Bengaluru, Karnataka.

Groundwork for the listing had already been laid.

Last December, the National Company Law Tribunal (NCLT) approved Flipkart's redomiciliation backmost to India, marking a structural displacement that saw 8 Singapore-registered entities absorbed into Flipkart Internet, its India-incorporated superior operating entity.

The determination reverses a determination taken successful 2011, erstwhile the institution relocated its office to Singapore.

The postponement mirrors a comparable determination by PhonePe, different Walmart-backed business, which abandoned its $1.3bn IPO 2 months agone connected mostly akin grounds.

Sources cited successful the ET study pointed to uncertainty arising from the West Asia struggle and a congested listings calendar featuring large offerings from Reliance Jio, speedy commerce institution Zepto, and the National Stock Exchange.

On the operational front, Flipkart has continued to grow its speedy commerce service, Flipkart Minutes, which has been opening 100 stores per period since March 2026 and is aiming for betwixt 1,100 and 1,200 outlets by July 2026.

The level is presently handling astir 1,200 to 1,250 orders per store daily.

Financially, Flipkart Internet recorded gross of Rs204.93bn ($2.12bn) successful FY25, a 14% year-on-year rise, though this represented a slowdown from the 21% maturation posted successful FY24.

Losses contracted by 37% to Rs14.94bn implicit the aforesaid period.

The company's gross merchandise worth stood astatine $30bn successful calendar twelvemonth 2025, treble the $15bn fig from 2020.

"Flipkart puts IPO connected clasp amid marketplace uncertainty – report" was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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