Why Flipkart can't do a PhonePe
Published on: Sept. 25, 2025, 10:56 p.m. | Source: The Economic Times
PhonePe and Flipkart, both Walmart-owned, are taking different IPO routes. PhonePe is prioritizing a public listing due to its market leadership in UPI payments and a simpler business model. Flipkart, however, faces challenges related to profitability, complex structure, and global parent dynamics, making its IPO path more intricate.
