Flipkart Will Look Into Multiple Geographies For IPO: CEO Kalyan Krishnamurthy

Flipkart Will Look Into Multiple Geographies For IPO: CEO Kalyan Krishnamurthy

SUMMARY

Last year, Walmart International CEO Judith McKenna said that Flipkart would go for a public listing ‘when the time is right’

Media reports have pegged Flipkart’s IPO at a sky-high valuation of $60-70 Bn, with plans to list on US bourses

The ecommerce giant notched up a loss of INR 2,013.7 Cr and consolidated revenue of INR 1,692.7 Cr in FY22

Ecommerce major Flipkart’s Group CEO Kalyan Krishnamurthy said the company would look at multiple geographies, including India, for its IPO.

In a conversation with brokerage firm Jefferies, Krishnamurthy said, “The listing will eventually happen. Regarding geography, we will look at multiple regions. There is no final decision on any of these aspects at this stage.”

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