Walmart-Backed Flipkart Said to Plan to Invite Banks to Pitch for IPO in April

Flipkart, the Walmart-backed Indian e-commerce giant, will invite investment banks to pitch for its initial public offering (IPO) as early as April, according to insiders. The move marks the formal start of preparations for what could become one of India’s largest tech IPOs, following years of speculation about Flipkart’s public market debut. Banks will compete to underwrite the offering, with the selection process expected to intensify in the coming months as Flipkart evaluates proposals. The IPO timing aligns with India’s booming digital economy and Flipkart’s dominant market position, though no official valuation or listing date has been disclosed. This development follows Walmart’s 2018 acquisition of a majority stake in Flipkart, signaling growing confidence in the company’s long-term growth potential.