Flipkart plans IPO in 2026 after NCLT approval
Flipkart, owned by Walmart, is gearing up for an IPO in 2026 after receiving key approvals to move its parent company from Singapore to India, with final government approval pending due to Tencent's stake.
The final step is government approval, since Tencent still holds a small stake.
Flipkart's current valuation stands at $36 billion, and it recently raised $1 billion—with Google pitching in $350 million.
Revenue rose 14% in FY25 (financial year ending March 2025) to ₹20,493 crore, while net losses dropped by 37%.
What does Flipkart actually do?
Flipkart is India's biggest online shopping platform, with Myntra (fashion), Ekart (logistics), and Cleartrip (travel) as part of its lineup.
Walmart is the majority owner of the company after a massive buyout in 2018. Other big names like Microsoft and SoftBank are also investors.
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The board approved shifting Flipkart's headquarters back in April this year (April 2025)—a key step toward making its shares available on Indian stock exchanges soon.
Myntra also saw profits surge during this period, showing strong growth across the group.