{"id":8869,"date":"2026-07-24T16:39:29","date_gmt":"2026-07-24T16:39:29","guid":{"rendered":"https:\/\/entestartup.com\/?p=8869"},"modified":"2026-07-24T16:39:34","modified_gmt":"2026-07-24T16:39:34","slug":"flipkart-to-enter-food-delivery-space-ipo-not-imminent","status":"publish","type":"post","link":"https:\/\/entestartup.com\/en\/flipkart-to-enter-food-delivery-space-ipo-not-imminent\/","title":{"rendered":"Flipkart to enter food delivery space; IPO not imminent"},"content":{"rendered":"
Walmart-owned e-commerce giant Flipkart is set to launch its new food delivery service in the coming weeks, challenging Zomato and Swiggy. The service will be available on the Flipkart app and a new dedicated app, Flipkart Group CEO Kalyan Krishnamurthy said. The service will be expanded across the country after assessing customer feedback.<\/p>\n\n\n\n
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Meanwhile, the CEO said that there is no concrete plan for the company's initial public offering (IPO) at present. Although the parent company, which was abroad, was shifted to India, Walmart has proposed that the company should become financially profitable before listing on the stock market. Therefore, Flipkart is now more focused on becoming profitable by the end of the financial year 2027.<\/p>\n\n\n\n
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Kalyan Krishnamurthy also added that quick commerce services like the recently launched 'Flipkart Minutes' are just a part of their business and they don't plan to spend much time on it. The company has currently launched 1,000 dark stores in over 130 cities. He also pointed out that in this highly competitive space, many companies will merge or disappear in the future.<\/p>","protected":false},"excerpt":{"rendered":"
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