Walmart Tells Flipkart to Shelve IPO Plans, Focus on Profitability

Walmart tapped the brakes on Flipkart ’s long-anticipated public market debut. retail giant is telling its Indian eCommerce subsidiary to reach profitability first, Moneycontrol reported Friday (May 15), making the decision one of the clearest signals yet that Walmart is tightening financial discipline across its global operations. The move comes as Walmart itself crosses the $1 trillion market cap threshold and reorganizes its technology teams, suggesting that the parent company is in