Flipkart brings ex-Meta exec on board as it gears up for IPO
Flipkart just added Dan Neary, who led Meta's growth across the Asia-Pacific region, to its board. This is a key move as the company prepares for its upcoming IPO.
Neary's experience growing digital platforms across Asia should give Flipkart an extra edge as it steps into the public market spotlight.
How's Flipkart performing?
In FY25, Flipkart boosted revenue by 14% to ₹20,493 crore and managed to cut net losses by 37%—down to ₹1,494 crore.
The company also shifted its base from Singapore to India ahead of listing locally.
Meanwhile, rival Meesho is making waves with a ₹5,421 crore IPO and a valuation of over ₹51,000 crore.
What else should you know?
Flipkart leads India's e-commerce scene with its marketplace, Ekart logistics arm, and Myntra fashion brand.
The board now features Walmart execs and industry veterans alongside Neary—setting up Flipkart for stronger innovation and smoother governance before it goes public.