Open to Flipkart IPO, but no specific timeline yet, says Walmart businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Flipkart IPO, Flipkart IPO News, Flipkart IPO date, Flipkart share, Flipkart share price: Walmart Inc owns a majority stake in Flipkart. It had invested USD 16 billion in 2018 in the Bengaluru-based e-commerce platform to pick up 77 per cent stake. In July last year, it led a USD 1.2-billion round i
“We will do it (Flipkart IPO) when it s time for the business, it s not an output, its not a target for us to do that,” Walmart International President Judith McKenna says.
Flipkart is holding talks with investors such as Canada Pension Plan Investment Board (CPPIB), Abu Dhabi s ADQ, and Japan s SoftBank to raise total funding of around $3 billion