Walmart instructed its Indian e-commerce unit Flipkart to postpone its initial public offering. The directive requires the subsidiary to achieve operating profitability before the end of the 2027 financial year.
Flipkart must pause all external fundraising in public and private markets to reach EBITDA breakeven. This shift signals Walmart’s broader pivot toward financial discipline and tighter global controls.
Walmart’s CEO reportedly issued the mandate during a recent visit to India. The decision coincides with a global restructuring at Walmart that includes corporate job cuts and unified technology teams.