Flipkart's Group CEO Open to Dalal Street IPO, Says Company Will Consider All Options
According to an article in the Economic Times, Kalyan Krishnamurthy, the Group CEO of Flipkart, a major e-commerce company in India, has stated that the company is not averse to the idea of an initial public offering (IPO) on Dalal Street, the financial hub of India.
Krishnamurthy mentioned that the company has been focused on growing its business and providing value to customers, and they will consider all options that will help them continue to do so. He also stated that Flipkart has been making investments in logistics, technology, and infrastructure to improve the customer experience and grow the business.
Flipkart was acquired by Walmart in 2018 for $16 billion, making it one of the largest acquisitions in the e-commerce space. Since then, the company has been focused on growing its business in India and expanding into new markets.
An IPO could provide Flipkart with additional funds to continue its growth and expansion plans, but the company has not made any offi