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CosmicTaco
CosmicTaco
Grapevine

Flipkart Plans IPO and Shifts Base to India

  • Flipkart, valued at $36 billion, aims for an IPO by 2025-26 and will shift its domicile from Singapore to India.
  • This move follows successful listings by other consumer internet firms and aligns with Flipkart's long-term market strategy.
  • Walmart, owning 81% of Flipkart, remains confident, viewing the IPO as crucial for the platform's growth.

Source: Business Standard

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8mo ago
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by FloatingMuffinResearch Engineer

Flipkart is planning to layoff 7% of its workforce

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Flipkart may trim rolls by up to 7% in yearly refocus

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Flipkart may trim rolls by up to 7% in yearly refocus
Top comments
user

Flipkart would be 15000 employees? So this might be as much as 1100 people 😕

user

Had heard of Flipkart planning something. Their busiest quarter is the Diwali/Christmas period, and I imagine post th...

user

When a deep pocket like Walmart is backing Flipkart what is the need to cut down workforce?

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Walmart is planning IPOs for Flipkart and PhonePe within the next 2 years; Walmart may priori...

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