Walmart's Flipkart IPO of $10 Billion.
                     WALMART'
S 
FLIPKART 
IPO OF $10 
BILLION
 Goldman Sachs has been retained by Walmart Inc. to 
discuss an initial stake offering of its Flipkart 
subsidiary in the US to raise around $10 billion, said 
two individuals personally aware of the growth. 
INTRODUCTIO
N
Source: www.hindustantimes.com
 Walmart, headquartered in Bentonville, Arkansas, 
plans to sell about 25 percent of India's biggest online 
retailer, the individuals said, seeking anonymity. 
WALMART
Source: www. delimarketnews.com
 Work on the IPO (initial public offering) is in full swing and, given 
the spectacular rise in demand for e-commerce platforms, the 
advent of the pandemic has only accelerated the process. 
 Since the coronavirus epidemic, online sales in India have 
surged as individuals largely remained indoors and avoided busy 
markets and department stores.
COVID-19 
IMPACT
Source: www.outsourcing-pharma.com
 Millions of new clients from small towns and cities 
have been forced by the pandemic to move to online 
channels, boosting e-commerce firms' valuations.
BOOSTING
 E-
COMMERCE
Source: www.cloudways.com
 Flipkart, headquartered in Bengaluru and registered 
in Singapore, is battling with the Indian subsidiary of 
Amazon.com Inc. and Reliance Industries Ltd, which is 
growing its e-commerce sector in JioMart to challenge 
its rivals in the online market.
FLIPKART
Source: www.livemint.com
 If Flipkart's IPO plans are successful a business headquartered 
in India on overseas exchanges would be the biggest.
 Since Walmart's takeover of the e-commerce giant, Flipkart's 
value would now more than double to $40 billion. 
 Since purchasing a 77 percent stake for $16 billion in 2018, 
the US retailer vowed to take Flipkart public in four years.
FLIPKART'S 
IPO PLAN
Source: www.livemint.com
 In July, in a fresh investment round with Walmart as the lead 
investor, Flipkart raised $1.2 billion, valuing the firm at $24.9 billion. 
 With US-based hedge fund Tiger Management, China's Tencent, 
Accel Partners and Microsoft Corp., among the other primary 
investors, Walmart currently holds an 82.3 percent interest in 
Flipkart. 
 The IPO will give minority investors an option to sell or avoid their 
holdings. 
WALMART'S 
FLIPKART IPO 
Source: www.livemint.com
 Indian companies owned by Flipkart are owned by Flipkart 
Pvt. Ltd, which was set up in Singapore in October 2011. 
 It would help Walmart sidestep constraints on Indian 
companies listing on international stock markets by 
bringing the Singapore business public in the US.
FLIPKART’S 
INDIAN 
ENTITIES
Source: www.livemint.com
 Eight Indian firms own the Singapore-registered entity, 
including Flipkart Internet Pvt. Ltd the corporation that 
operates Flipkart.com, the e-commerce marketplace; 
Flipkart India Pvt. Ltd the wholesale company; and Pvt. 
Flipkart Logistics. Ltd, which manages eKart.
SINGAPORE-
REGISTERED 
ENTITY
Source: www.zeebusiness.com
 The share sale proceeds are likely to be used at a time when the e-
commerce industry is booming to grow Flipkart's business. 
 PhonePe, the payments unit of Flipkart, which plans to break even by 
2022, is also aiming to go public by 2023. 
 A digital payment firm that also competes with Paytm, Google Pay 
and Amazon Pay is likely to be listed on a $10 billion US stock 
exchange.
DIGITAL 
PAYMENTS 
COMPANY
Source: www.theeconomictimes.com
 In Walmart's latest investment in Flipkart in July, the firm said that 
PhonePe handles more than $180 billion in annualised gross 
payments, and experiences more than 500 million transactions on its 
app per month.
  By year-end, the company expects at least 275 million subscribers.
 PhonePe is also concentrated on overseas markets and could be 
looking to take its payment solutions company via Walmart to the US.
PhonePe
Source: www.pymnts.com