Reverse flip in cart, Flipkart plans IPO delivery in 12-15 months
Flipkart, India’s largest ecommerce firm valued at $36 billion, is preparing for an initial public offering (IPO) in the coming year with a definite timeline of 12-15 months, multiple people aware of the development said. The proposed listing, which is likely to be the largest share issue by a new-economy company, will mark a seminal moment for the country’s startup sector that is now regarded as the third largest worldwide.
The Walmart-owned firm has secured internal approvals to move its domicile from Singapore to India, regarded as a first step to an IPO, and is targeting a public sale of shares by the end of the next calendar year or within the first quarter of 2026, people in the know told ET.
“The process has begun and there is clear understanding that in this timeline the company should be public,” one of the sources said.
Flipkart’s India IPO will top a roster of about a dozen new-age firms lining up for the bourses in 2025. This follows successful listings by a swathe of consumer internet firms including Zomato, Nykaa and Swiggy that has piqued retail investor interest in Indian startups.
ET was the first to report on May 13 about Flipkart’s plans to move its parent company back to India.
Office Productivity
Zero to Hero in Microsoft Excel: Complete Excel guide 2024
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Learn InVideo AI: Create Videos from Text Easily
By — Prince Patni, Software Developer (BI, Data Science)
Artificial Intelligence(AI)
AI for Everyone:
