Flipkart, India’s largest ecommerce firm valued at $36 billion is preparing for an initial public offering (IPO) in the coming year with a definite timeline of 12-15 months, as per reports.

The proposed listing, likely to be the largest share issue by a new-economy company, will mark a seminal moment for the country’s startup sector which is now regarded as the third largest worldwide.

The Walmart-owned company is aiming for a public sale of shares by the end of the upcoming calendar year or in the first quarter of 2026 after obtaining internal permissions to relocate its headquarters from Singapore to India, which is considered a prelude to an IPO.

About a dozen cutting-edge companies are gearing up for the bourses in 2025, with Flipkart's India IPO at the top of the list. This comes after several consumer internet companies, such as Zomato, Nykaa, and Swiggy, successfully listed, sparking interest in Indian startups from retail investors.

Additionally, the major in internet commerce has raised almost $1 billion this year, including $350 million from Google. Since late 2021, it has been actively discussing preparations for an IPO; however, due to unfavorable market conditions in 2022–2023, the conversations were halted.

However, the sources claimed that interest in a public share sale at the Bengaluru-based company has increased due to the recent wave of consumer firms' initial public offerings (IPOs) in India. When Walmart bought the majority stake in Flipkart in 2018, this was also a part of the agreement.

In the past year or so, international peers like Coupang in South Korea have achieved significant progress in public markets, paving the way for e-commerce value multiples.