Mumbai Amid preparations for the IPO, Walmart-owned Flipkart wants to expand into live events and food delivery sectors. Sources said that this e-commerce company is aiming to start this service by May.
This development has come at a time when India’s live events sector is witnessing a lot of activity. Big concerts, international tours and sporting events are drawing huge crowds in major cities across the country.
The move will put Flipkart in direct competition with big players like BookMyShow and Zomato’s ‘District’ platform in the online ticketing space.
Apart from this, another source said that Flipkart is also preparing to start a pilot project of food delivery services from May. However, the source also clarified that the timelines of these schemes may change.
As part of preparations for a possible IPO (Initial Public Offering) in India, the company is making several changes in its internal structure. These changes include shifting the company’s holding structure back to India, reshuffling senior management and further strengthening key verticals (business areas) like Myntra.
India’s food delivery market is still dominated by Zomato and Swiggy, while the ticketing sector is dominated by already established and large-scale platforms.
Flipkart, founded in 2007, competes with Amazon in India’s e-commerce market.
The valuation of this company was estimated at around $37 billion in the year 2024, when Alphabet’s company Google invested $350 million in it. Walmart had acquired majority stake in Flipkart in the year 2018.
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