Flipkart pushes IPO to 2028 as Walmart demands EBITDA breakeven by FY27

Walmart-owned Flipkart has shelved its $2-2.5 Bn pre-IPO round and deferred listing plans to at least 2028, pivoting to profitability with a $20 Mn monthly burn cap. Quick commerce arm Flipkart Minutes will continue scaling from 800 to 1,200 dark stores across 30 cities despite ~500 layoffs.

Flipkart pushes IPO to 2028 and shelves $2-2.5B pre-IPO round as Walmart demands EBITDA breakeven by FY27 with $20M monthly burn cap.

Inc42 · 5/15/2026, 8:47:47 AM · Ask about this →

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