News > 'Open to Flipkart IPO, but no specific timeline yet,' says Walmart

'Open to Flipkart IPO, but no specific timeline yet,' says Walmart

Business Today | 10/06/2021 03:50 PM | Click to read full article

Flipkart in 2018 said that it is open to the prospect of an IPO of the e-commerce site but added that there is no specific timeline on that as of now. Walmart International President and CEO Judith McKenna further said that both Flipkart and payments app PhonePe have been doing well.

"We always made it clear from the day we made the acquisition or the investment, that we would be open to an IPO," said McKenna at the DB Access Global Consumer Conference.