Walmart Reportedly Pushes Flipkart IPO to 2028 as Profitability, Pipeline Concerns Mount
Walmart has asked Flipkart to defer its $8-10 billion listing to 2028, citing a crowded 2026 IPO pipeline featuring NSE, Reliance Jio, Zepto and Oyo, alongside soft market conditions. The e-commerce giant is expected to wait for stronger profitability and EBITDA breakeven, echoing PhonePe's earlier listing deferral.
Walmart has reportedly asked Flipkart to defer its IPO to 2028, citing a crowded 2026 pipeline (NSE, Jio, Zepto, Oyo) and weak markets. The $8-10 billion listing awaits stronger profitability and EBITDA breakeven, mirroring PhonePe's earlier deferral.
Why this matters
Comes as Walmart publicly backs Flipkart's quick commerce push via Flipkart Minutes, yet signals patience on profitability. Follows recent GST setback on delivery charges that pressures unit economics ahead of any listing.
Retail-company signals steady at 311 in the last 90 days, with IPO timing now a recurring theme.