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.
What happened
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
Key facts
- $8-10 billion
- 2028
- 2026
Why this matters
A delayed Flipkart listing keeps Walmart's India crown jewel in private hands longer, opening windows for strategic partnerships, pre-IPO secondaries, or competitive M&A while rivals like Zepto race to public markets first.