Walmart Inc. has instructed its Indian e-commerce subsidiary, Flipkart, to postpone its initial public offering. CEO John Furner delivered the directive during a recent visit to Bangalore. The company now requires Flipkart to achieve EBITDA breakeven before the end of the 2027 fiscal year.
This strategic shift enforces greater financial discipline across Walmart’s global operations. The decision reflects a broader market trend where investors prioritize positive earnings over rapid expansion. Flipkart was previously considered a major IPO candidate for the Indian market.