Business · Updated 27 Oct, 08:00 am IST
Walmart prefers keeping Flipkart private for now
Why it matters for readers: Helps understand why a familiar app or brand might stay private even after years of growth.
- Flipkart was once the poster child of India's startup ecosystem and inspired many engineers from IITs to become entrepreneurs.1
- The company was founded by Sachin Bansal and Binny Bansal, both IIT Delhi graduates.1
- A decade on, India's startup ecosystem has produced enough other winners that it no longer depends on a single firm like Flipkart.1
- Flipkart's public listing has repeatedly slipped and the company still faces ongoing losses, influencing Walmart's preference to keep it private for now.1
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