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Flipkart indefinitely pauses IPO as volatility bites and quick commerce bets accelerate instead
Business
Published on 15 May 2026
Its quick commerce push is now bigger than the IPO plan
Walmart-owned Flipkart has indefinitely paused its IPO plans, citing heightened market volatility, a crowded slate of upcoming listings, and weak investor appetite for a still-loss-making company. The move follows PhonePe’s $1.3 billion IPO postponement and comes as geopolitical shocks are blamed for further market jitters. Instead, Flipkart is pouring resources into quick commerce via Flipkart Minutes, expanding by nearly 100 stores a month since March and targeting 1,100–1,200 stores by July 2026.
- Flipkart paused IPO discussions indefinitely amid market volatility
- Decision follows PhonePe postponing its $1.3 billion IPO
- Flipkart expects to file draft IPO papers by end of year or early 2027
- IPO timeline pressure tied to West Asia conflict and packed IPO pipeline
- Flipkart Minutes added nearly 100 stores per month since March
- Minutes target is 1,100 to 1,200 stores by July 2026
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times