Flipkart eyes IPO in the next 12-15 months as it plans a significant public listing in India. The Walmart-owned company, valued at $36 billion, is relocating its base from Singapore to India to align with its long-term market strategy. The IPO is expected by late 2025 or early 2026.
Why Flipkart eyes IPO in India
Relocating its base to India is a strategic decision for Flipkart. It allows the company to align better with local market conditions, access a favourable regulatory framework, and leverage investor familiarity. Moreover, shifting its domicile strengthens its position in the booming domestic e-commerce sector.
Major milestones as Flipkart eyes IPO
Flipkart’s recent developments highlight its preparedness for the IPO:
- Fundraising Achievements: The company raised $1 billion in 2024, including $350 million from Google.
- Rapid Commerce Growth: Flipkart launched ‘Minutes’ for quick deliveries, while Myntra introduced M-Now, a 30-minute fashion delivery service.
These steps underscore Flipkart’s ability to innovate and adapt, which is crucial as it gears up for its public debut.
Walmart’s role as Flipkart eyes IPO
Walmart, which holds an 81% stake in Flipkart, has been instrumental in its growth. Since its acquisition in 2018 for $16 billion, Walmart has infused over $2 billion into Flipkart. Notably, Walmart International CEO Kath McLay recently highlighted Flipkart’s importance in Walmart’s global strategy and its consistent growth momentum.
India’s e-commerce boom
India’s e-commerce market recorded ₹1 trillion in festive sales during 2024. Despite stiff competition from Amazon, Flipkart retained its dominant position. Its ability to meet evolving consumer demands demonstrates its leadership in the sector.
With a vision beyond e-commerce
As Flipkart eyes IPO, its ambitions extend beyond traditional e-commerce. For example, it has ventured into digital payments with its UPI app, Super.money, and diversified revenue streams through advertising.
By focusing on innovation and market adaptability, Flipkart is poised to become one of India’s most prominent public tech companies.
