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Reverse flip in cart, Flipkart plans IPO delivery in 12-15 months

Economic Times · 5m

India's largest e-commerce firm Flipkart is preparing for an IPO within the next 12-15 months, which is expected to be the largest share issue by a new-economy company in India. Flipkart has secured internal approvals to move its domicile from Singapore to India, a first step towards going public. The proposed IPO follows the success of several Indian consumer internet firms, such as Zomato and Nykaa, going public and signals the growing interest of retail investors in Indian startups. Walmart, which owns nearly 81% of Flipkart, is likely to benefit significantly from the IPO.