Walmart ordered its Indian subsidiary Flipkart to postpone its initial public offering. The company must achieve EBITDA breakeven before the end of the 2027 financial year. This directive pauses all external fundraising in both public and private markets.
The decision signals a strategic pivot toward financial discipline across Walmart’s global operations. It aligns with market trends requiring growth-oriented companies to demonstrate clear paths to profitability. Walmart is tightening financial controls to avoid speculative capital raises in the current market.
Walmart’s CEO reportedly issued the directive during a recent visit to India. The move coincides with a broader corporate restructuring involving job cuts to simplify operations. Walmart is also currently working to unify its international technology teams.