Flipkart, the e-commerce company owned by Walmart, is intensifying its efforts to achieve profitability as it is eyeing a valuation of approximately $60 billion at the time of its initial public offering (IPO), now planned in 2025-2026, instead of this year, according to people familiar with the matter.
The firm might consider listing in the US or any other geography, including India.
The company, which counts the likes of Amazon and Reliance s JioMart among its competitors in India s burgeoning e-commerce market, had also contemplated launching an IPO in 2022-2023.
Flipkart Claims 140 Crore Users Visited Big Billion Days Sales; But India Has Only 120 Crore Internet Users! - Trak in trak.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trak.in Daily Mail and Mail on Sunday newspapers.
New Delhi: E-commerce firm Flipkart on Sunday claimed to have recorded 1.4 billion customer visits during the first seven days of its festive season sale The Big Billion Days.
Big Billion Days records 1 4 billion customer visits: Flipkart yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Flipkart s Big Billion Days 2023 concluded with a staggering 1.4 billion customer visits over early access and the 7-day shopping extravaganza, highlighting a notable surge in consumer enthusiasm.