Flipkart’s Big India Bet

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Eleven years after it was founded, Flipkart was acquired by Walmart in 2018 for a staggering $16 Bn. And as the ecommerce giant closes in on two decades of retail innovation in India, it’s preparing for another major milestone — an IPO.

This past week, ecommerce major Flipkart confirmed its plans to redomicile to India from Singapore after months of speculation. This kicks off the first of the steps needed for Flipkart to finally hit the IPO milestone.

It’s too early to tell when Flipkart’s train would stop at the Bombay Stock…



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Flipkart’s Big India Bet


Eleven years after it was founded, Flipkart was acquired by Walmart in 2018 for a staggering $16 Bn. And as the ecommerce giant closes in on two decades of retail innovation in India, it’s preparing for another major milestone — an IPO.

This past week, ecommerce major Flipkart confirmed its plans to redomicile to India from Singapore after months of speculation. This kicks off the first of the steps needed for Flipkart to finally hit the IPO milestone.

It’s too early to tell when Flipkart’s train would stop at the Bombay Stock…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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