Walmart orders Flipkart to defer IPO, hit EBITDA breakeven by FY27

During CEO John Furner's first India visit, Walmart directed Flipkart to shelve IPO and external fundraising plans, instead mandating the Bengaluru-based e-commerce major prioritise profitability and reach EBITDA breakeven by end of FY27.

— FiledWed, 24 Jun, 2026, 13:23 IST·First seen Wed, 24 Jun, 2026, 13:22 IST·Source Moneycontrol · News Web

What happened

Walmart has directed Flipkart to defer its IPO and external fundraising plans, mandating the Indian e-commerce major hit EBITDA breakeven by end of FY27.

Key facts

  • FY2027

Why this matters

With external fundraising off the table, expect Flipkart to rationalize its portfolio—divesting or consolidating non-core bets (Myntra, PhonePe legacy ties, Cleartrip) to accelerate the path to breakeven.

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