Walmart Says PhonePe and Flipkart IPOs Years Away

Walmart’s India-based eCommerce marketplace and payments company aren’t quite ready to go public.“This is something we’re looking at over the next couple of years,” Walmart’s executive vice president for corporate affairs, Dan Bartlett, told Reuters last week in reference to the company’s marketplace Flipkart and payments platform PhonePe.And while Flipkart has been around longer, Walmart could tackle an initial public offering (IPO) for PhonePe first, the executive added, speaking on the sidelines of the c ...