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.
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. Decision taken during Walmart CEO John Furner's first India visit in Bengaluru.
Also reported by
- Moneycontrol · Results — Same time
- Moneycontrol · Results — Same time