IPO Face-Off: Amazon and Flipkart Gear Up for India's Biggest Listing

The Indian e-commerce sector is seeing a major evolution as both Flipkart and Amazon are gearing up for initial public offerings (IPOs). Amazon is in preliminary discussions to hive off its Indian business and list it on Indian exchanges, propelled by data localization and the need to follow an inventory model. Talks with JP Morgan and Indian investment banks have commenced, with a possible IPO in late 2025 or early 2026. Flipkart, worth $36 billion, meanwhile, is going to relocate its domicile from Singapore to India and float its IPO in the next 12-15 months. Both firms are competing for market leadership, with Flipkart leading the Indian e-commerce market at present. The battle for a first-time listing will be watched with keen interest, marking a turning point for India's e-commerce market.

 

Source: YourStory, Business Standard, Times Now News