Walmart’s Flipkart has a tough battle ahead in India, a 2026 IPO likely

E-commerce in India is a political and regulatory minefield. US consumer giant Walmart Inc. — which has been waiting to launch the much-anticipated initial public offering of the online marketplace it acquired for $16 billion six years ago — has had its patience tested. It’s unlikely to get Flipkart out the door next year: A 2026 IPO may be a more reasonable expectation, with a little diplomatic help from the incoming government in Washington.