80% Walmart-Owned Flipkart Shelves IPO Filing, Walmart Launches McDonald’s Delivery via Spark

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Flipkart, 80% owned by Walmart, indefinitely shelved its planned IPO in India after redomiciling eight Singapore entities, delaying a SEBI draft filing targeted for late 2026 and postponing potential value realization. Walmart also launched restaurant meal delivery through its Spark network in stores, adding in-store partners like McDonald’s to boost delivery revenue.

1. Flipkart IPO Postponement

Walmart’s 80% owned Flipkart has indefinitely shelved its planned initial public offering in India, delaying a Securities and Exchange Board of India draft filing targeted for late 2026 after redomiciling eight Singapore-registered entities into Flipkart Internet last December. The e-commerce platform recorded Rs204.93bn in revenue for FY25, up 14%, with a 37% contraction in losses and a gross merchandise value of $30bn in calendar 2025.

2. Walmart Adds Restaurant Delivery via Spark

Walmart has expanded its Spark delivery service to include restaurant meals from in-store partners like McDonald’s, enabling customers to order groceries and hot meals in a single delivery. This initiative leverages existing delivery personnel to diversify revenue streams and positions Walmart to compete more directly in the food delivery market.

Sources

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