Walmart reportedly instructed its Indian subsidiary Flipkart to postpone its initial public offering.
The retail giant directed Flipkart to achieve EBITDA breakeven by the end of the 2027 financial year. Walmart CEO John Furner communicated the decision during a visit to India.
This pivot prioritizes sustainable profitability over raising fresh capital from public markets. The move marks the second listing delay for a Walmart-owned Indian entity following the postponement of PhonePe’s IPO.
The directive signals a more disciplined approach to capital allocation for international growth ventures.