Flipkart is scaling back its quick commerce expansion plans, targeting 500-550 dark stores by October instead of the previously announced 800 dark stores by year-end
The company is under pressure to reduce its monthly cash burn of around $40 Mn as it prepares for IPO in 2026
This comes shortly after Flipkart confirmed its plans to redomicile to India from Singapore, a key step in its IPO preparation
Walmart-owned ecommerce giant Flipkart is reportedly planning to limit expansion of its quick commerce unit, Flipkart…