Walmart Inc. instructed its Indian e-commerce unit, Flipkart, to postpone its initial public offering. The new directive requires the subsidiary to achieve EBITDA breakeven by the end of the 2027 fiscal year before seeking a public listing.
Walmart CEO John Furner communicated the strategic shift during a recent visit to India. The mandate halts all immediate plans for a debut or pre-IPO financing to focus on sustainable operations.
This marks the second major delay for Walmart's Indian portfolio following a similar pause for digital payments firm PhonePe. The decision prioritizes long-term profitability over immediate capital market entry.