Athira Sethu
Kochi, 15 Dec 2025
One such company that is preparing for a milestone event in its life is Flipkart, which is an affiliate of the largest retail chain in the world, Walmart. The company is soon going to make an initial public offering in 2026. They have already initiated a few major steps in this direction. The most significant among these is securing approval to change their parent entity from Singapore to India. With this, they will be allowed to trade their stocks on stock exchanges in India. The approval from the Indian government is still pending because of a small ownership by a Chinese tech giant named Tencent.
The current valuation of Flipkart stands at 36 billion dollars, which symbolizes how major a player it has become in the digital economy in India. The company recently raised money to the tune of 1 billion dollars in new investments. Google alone invested 350 million dollars in this investment round.
The financial performance of the company is improving too. In the financial year ending March 2025, the revenue of Flipkart increased by 14 percent to ₹20,493 crores. Meanwhile, the net losses incurred by the company reduced by 37 percent. This shows that the company is finally heading towards becoming a profit-making organization after years of investment in expansion and technology.
But what do these companies do?
Flipkart is an online shopping site and is currently the largest in India, with a wide variety of products, right from mobile phones to groceries. They have developed a team of companies surrounding their major business operations. Myntra operates in the fashion and lifestyle segment and is a leading online fashion store in India. Ekart is a delivery service provider for these online operations, allowing them to deliver millions of goods successfully in India. Cleartrip specializes in travel and related services such as hotel and airline bookings.
Walmart acquired majority ownership of Flipkart in 2018 in one of the largest acquisitions in Indian startup history. Besides Walmart, other famous global investors who are a part of the Flipkart family include Microsoft and SoftBank.
In April 2025, the board of Flipkart finalized this step to relocate the company’s headquarters to India. This step is considered to be one of the most important in allowing a local stock market listing and thus providing an opportunity for Indian investors to invest in this domestic ecommerce giant. To further boost this positive wave, Myntra saw a dramatic increase in its profits during this time. As a whole, the better financial performance, support, and plans to go public suggest a new wave of expansion for one of the most critical online players in India.
