Flipkart’s potential initial public offering (IPO) in 2021 would, by far, be the largest listing by an Indian company. Flipkart’s parent, the American supermarket giant Walmart, reportedly plans to raise US$10 billion US$10 billion Mint Walmart readies for $10 bn Flipkart IPO Read more through the listing in the US. That is nearly three times the size of Coal India’s US$3.4 billion US$3.4 billion Bloomberg https://www.bloomberg.com/news/articles/2010-10-25/coal-india-raises-maximum-3-4-billion-in-ipo-of-world-s-biggest-producer Read more in 2010, India’s biggest IPO to date.
Walmart’s cost focus versus Flipkart’s US$50 billion IPO dreams
As Flipkart gears up for the biggest ever listing by an Indian company, we parse its financials to see how it stacks up against e-commerce’s heavyweights, and how investors should value it
Flipkart’s IPO will be among the first instances of mind-boggling private valuations of Indian startups meeting public-market scrutiny
Since acquiring Flipkart in 2018, Walmart has focused on keeping costs in check and paring losses
But Walmart has to convince prospective investors that its conservative, cost-conscious approach will not stand in the way of Flipkart’s growth
With Amazon and JioMart snapping at its heels, Flipkart cannot afford to go slow on acquiring customers and cornering more of the market