Market Chatter: Walmart Asks Flipkart to Delay IPO Plans Over Profitability Prioritization

MT Newswires Live05-15

Walmart (WMT) has asked Flipkart to delay its initial public offering plans to focus on achieving EBITDA breakeven before the end of fiscal 2027, Moneycontrol reported Friday, citing unnamed sources having knowledge of the matter.

The decision to focus on profitability over IPO was taken during Walmart President and Chief Executive John Furner's visit to India last week, the media outlet said.

"Flipkart has internally set a target of achieving EBITDA breakeven before the end of financial year (FY) 2027 (current financial year)," one of the people told Moneycontrol. "This effectively means Flipkart will not go ahead with its planned IPO or even a pre-IPO financing round before meeting that target."

Neither Walmart nor Flipkart immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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