Flipkart’s IPO Countdown: Big Plans Ahead

Walmart-backed Flipkart plans to go public on the Indian stock market within 12-15 months, marking a major milestone for the e-commerce giant. The company is shifting its domicile from Singapore to India to facilitate the IPO. This move, estimated to be India’s biggest by a new-age internet firm, comes after delays caused by market challenges. Flipkart has already secured internal approvals and raised significant funds, including $350 million from Google. With strong revenue growth but ongoing losses, the listing is poised to reshape India’s e-commerce landscape.