Flipkart Initiates Preliminary Talks with Investment Banks for India IPO

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Flipkart Kicks Off IPO Talks with Top Investment Banks for India Listing

US retail giant Walmart , which became the first traditional retailer to hit a $1 trillion market valuation in early February, holds a substantial majority stake in Flipkart

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Moneycontrol•03-03-2026, 20:45

Flipkart Kicks Off IPO Talks with Top Investment Banks for India Listing

•Walmart-owned Flipkart has initiated preliminary discussions with investment banks like Goldman Sachs, Kotak Mahindra Capital, Morgan Stanley, and JP Morgan for its India IPO.
•The e-commerce giant, led by CEO Kalyan Krishnamurthy, is preparing for one of India Inc.'s most anticipated listings, potentially by late 2026 or early 2027.
•Exploratory talks are underway to assess market demand, investor appetite, and the overall feasibility of the significant public offering.
•Flipkart recently secured NCLT approval to relocate its holding company domicile from Singapore to India, streamlining its corporate structure.
•CEO Kalyan Krishnamurthy emphasizes building a robust, future-proof business with strong leadership, rather than solely focusing on the IPO as a destination.

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