India’s Flipkart readies for massive IPO in 2025/2026 – Economic Times

Investing.com– Flipkart, India’s largest e-commerce platform valued at $36 billion, is gearing up for an initial public offering (IPO) in the next 12-15 months, the Economic Times reported on Monday, citing sources familiar with the matter.

The upcoming IPO is expected to be one of the largest public listings by a new-economy company, underscoring the maturity of India’s burgeoning startup ecosystem, which is now the world’s third-largest.

The e-commerce giant, owned by Walmart Inc (NYSE:), has obtained internal clearances to shift its headquarters from Singapore to India, a move viewed as a preliminary step toward its IPO. According to sources cited by ET, Flipkart aims to go public by the end of next year or during the first quarter of 2026.

Flipkart has been a dominant player in the Indian market, competing aggressively with global rival Amazon (NASDAQ:). 

While specific details on the listing, including the exact timeline and valuation targets, remain under wraps, the potential IPO in 2025 is set to lead a wave of new-age firms entering the market.

This follows successful listings by consumer internet giants like Zomato Ltd (NS:), Fsn E-Commerce Ventures (Nykaa) (NS:), and Swiggy Ltd (NS:) that have boosted retail investor interest in Indian startups.

Flipkart has been in talks about an IPO since late 2021, but these discussions were paused due to unfavorable market conditions in 2022-23.

The move comes amidst a broader global trend of e-commerce firms capitalizing on strong growth and investor interest in the post-pandemic digital economy.