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The Economic Times

Nikhil Patwardhan and Disha Acharya

Flipkart pauses IPO discussions amid rising volatility in markets

Flipkart ET IPO Walmart Minutes Flipkart Minutes John Furner India Zepto

Walmart-owned Flipkart has indefinitely paused its initial public offering (IPO) plans, becoming the latest large internet company to delay its listing amid volatility in Indian financial markets that has weighed on the country’s new-age IPO pipeline, people aware of the matter told ET.

The decision comes two months after fintech major PhonePe, another Walmart-owned Indian company, postponed its $1.3 billion IPO, citing similar market concerns.

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One subscription that gives you access to news from hundreds of sites

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