Walmart Inc. instructed its Indian e-commerce subsidiary, Flipkart, to postpone its initial public offering on May 15, 2026. The company shifted its strategy to prioritize achieving EBITDA breakeven by the end of fiscal year 2027.
This move marks the second time Walmart has delayed an IPO for a major Indian holding, following a similar pause for the digital payments firm PhonePe. The directive signals a focus on sustainable profitability for international assets over immediate public market capital.
Walmart CEO John Furner reportedly communicated the change during a recent visit to India. This cautious approach to capital markets may influence how investors value Walmart’s international operations and the broader e-commerce sector.