×
115
Fashion Jobs
L'OREAL GROUP
Senior Manager - Digital Marketing & D2C, Kerastase
Permanent · Mumbai
NIKE
Lead Product Management – ed&a, Icc, India
Permanent · Bengaluru
NIKE
Senior Dynamic Application Security Tester – Cis, Icc, India
Permanent · Bengaluru
PUMA
Senior Manager - Golf Sales (Cpg-Cobra Puma Golf)
Permanent · Bengaluru
PUMA
Manager - Accounts Payable
Permanent · Bengaluru
PUMA
Senior Manager – Teamsport Sales
Permanent · Bengaluru
NIKE
Lead Technical Product Manager – p&m, Icc, India
Permanent · Bengaluru
PUMA
Manager – Customer Reconciliation And Accounts
Permanent · Bengaluru
PUMA
Manager – Warehouse Operations (Ecommerce)
Permanent · Gurugram
NIKE
Lead Product Manager, India – ed&a Icc
Permanent · Bengaluru
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Identity And Access Management (Iam) Security Operations Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Expert Security Incident Coordinator, India – Cis Icc
Permanent · Bengaluru
L'OREAL GROUP
Indirect Sourcing Manager
Permanent · Baddi
NIKE
Sap bi Lead Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
NIYOSSHIC LUXURY CONSULTANCY
Social Media Intern
Internship · MUMBAI
SAAHRA
Graphic Design Summer Internships
Internship · NEW DELHI
HEMMING BEE
Fashion Production Intern
Internship · MUMBAI
HEMMING BEE
Fashion Production Intern
Internship · MUMBAI
BROADCAST THE COMPANY
Business Developement
Internship · MUMBAI
RELIANCE INDUSTRIES LTD
Sales Officer-Reliance Retail-tg
Permanent · Nirmal
GOKALDAS EXPORTS LTD
Safety Officer
Permanent · Madanapalle
Published
Apr 8, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Flipkart plans to float its IPO in the fourth quarter of 2021

Published
Apr 8, 2021

Walmart-owned e-commerce giant Flipkart is planning to open its initial public offering (IPO) during the fourth quarter of this year.
 

Flipkart plans to float its IPO in the fourth quarter of 2021 - Flipkart


Walmart has set up an internal IPO team for Flipkart and the start-up’s valuation is expected to top $35 billion as it goes public.
 
Flipkart has hired Saroj Panigrahi, a former JPMorgan Chase & Co. attorney to drive its IPO process., Bloomberg reported citing sources.

JPMorgan and Goldman Sachs Group Inc. are in discussions with the company about advising on the deal and are frontrunners to be formally selected, the sources told Bloomberg added.

“Flipkart’s IPO will be a large, exciting public offering and a very significant milestone for India’s start-up ecosystem. With the IPO, all doubts will be quelled, and Walmart will have come full circle,” said Neha Singh, co-founder and chief executive officer of private market intelligence researcher Tracxn Technologies Pvt.

Walmart acquired a roughly 77 percent stake in Flipkart for about $16 billion back in 2018. That deal remains the single largest foreign direct investment in India.

In July last year, Flipkart had raised $1.2 billion in fresh funding with Walmart as its lead investor. That round valued Flipkart, which counts China's Tencent, U.S. hedge fund Tiger Global, and Microsoft among its investors, at $24.9 billion.  

Copyright © 2021 FashionNetwork.com All rights reserved.