Indian online retailer Flipkart Internet Pvt plans to involve banks in April 2026 to submit applications for participation in the IPO. This is reported by foreign media.
Flipkart, controlled by Walmart Inc., held informal talks with investors and bankers to assess the interest of potential buyers in offering shares in Mumbai (India) in 2026 or 2027.
From the point of view of analysts, the IPO may include a secondary sale of shares by investors, including Walmart. Flipkart intends to use the proceeds to expand its business.
Flipkart has become one of the largest e-commerce platforms in India with a customer base of 500 million users. In 2018, Walmart acquired a 77% stake for $16 billion, and then increased the stake in further deals. In 2023, Tiger Global Management's remaining stake in Flipkart was estimated at $35 billion.
In 2025, Flipkart, registered in Singapore as a private company, changed jurisdiction from India, which was the main incentive for listing in Mumbai. Online retailers Lenskart Solutions Ltd., Swiggy Ltd. and Zomato are also registered in India.
Flipkart and other companies compete with Amazon.com Inc., Reliance JioMart and Tata Group in the online trading market in India. Flipkart owns other platforms, including the Myntra fashion store and the Cleartrip travel booking site.
Flipkart Inc. is an Indian e—commerce company with headquarters in Bangalore. The company offers electronics, clothing, shoes, watches, household goods, food, etc. on the platform. The headquarters is located in Bangalore (India).
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