SynopsisFlipkart, which flipped back its domicile to India from Singapore in March, was preparing to tap the domestic capital market, according to people aware of the matter. Krishnamurthy pushed back on a pre-IPO fundraise said to be aimed at ascertaining valuation.Flipkart group CEO Kalyan Krishnamurthy said the online retailer has no timeline for a public listing while positioning its quick commerce business as part of its broader marketplace rather than a standalone bet amid rising competition in the cash-guzzling sector. “We don’t have any timeline right now and, to be very clear, we never have had any timeline for going public,” Krishnamurthy, who will soon complete a decade as Flipkart’s CEO, told ETNow Playing
ETtech interview: Flipkart's Kalyan Krishnamurthy rules out IPO timeline, plays down quick commerce as a separate business - The Economic Times
Flipkart, which flipped back its domicile to India from Singapore in March, was preparing to tap the domestic capital market, according to people aware of the matter. Krishnamurthy pushed back on a pre-IPO fundraise said to be aimed at ascertaining valuation.
TL;DRAI
Flipkart CEO denied IPO timeline, positioning quick commerce as marketplace component rather than standalone business amid competition. The focus on core e-commerce profitability over capital-intensive quick-commerce signals strategic prudence amid cash-burn risks plaguing peers.
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