Walmart has reportedly asked Flipkart to postpone its IPO plans and prioritise achieving EBITDA breakeven by the end of FY27, signalling a stronger focus on profitability over near-term public listing ambitions.

According to reports, the decision was discussed during Walmart CEO and President John Furner’s recent visit to Bengaluru, where he met Flipkart’s leadership team. The visit marked Furner’s first India trip since assuming his new role earlier this year.

As part of the revised strategy, Flipkart has internally set a target to achieve EBITDA breakeven before moving ahead with any IPO-related plans or pre-listing fundraising activities. The move reflects Walmart’s broader push toward financial discipline and sustainable growth across its global digital commerce businesses.

Flipkart’s IPO plans have seen multiple delays over the years despite ongoing market speculation around a potential public listing. Earlier reports had also suggested that the company was working to reduce monthly cash burn as part of its IPO readiness efforts.

Financially, Flipkart has shown improvement at the entity level. Its marketplace arm, Flipkart Internet, reported a lower consolidated net loss in FY25 compared to the previous fiscal year. However, losses across the broader group ecosystem remain significant due to investments in businesses including Myntra, Cleartrip, Shopsy, eKart, and super.money.

The renewed profitability focus comes amid intensifying competition in India’s e-commerce and quick commerce sectors, where Flipkart continues to expand its rapid delivery platform, Minutes, while competing with players such as Amazon, Reliance, Zepto, Blinkit, and Instamart.

Despite delayed listing timelines, Flipkart remains one of India’s largest e-commerce players by market share and monthly active users.