Walmart, the US retail giant, has instructed its e-commerce platform Flipkart to postpone its initial public offering (IPO) plans in favor of achieving EBITDA breakeven before the end of the financial year 2027. This decision was revealed in a report by Moneycontrol, which cited insights from sources familiar with the matter. The directive came during Walmart CEO John Furner's recent visit to Bengaluru, his first since taking on the role in February. During this visit, Furner met with senior Flipkart executives to discuss the company's long-term growth and profitability strategies. Flipkart has set an internal goal to achieve EBITDA breakeven within this financial year, effectively delaying its IPO and any pre-IPO fundraising efforts until it meets these profitability targets. This situation represents the second significant delay in Walmart's IPO plans in India, following the postponement of PhonePe, another company in which Walmart has a controlling interest. Currently, Walmart owns over 80% of Flipkart and approximately 71.8% of PhonePe. The report emphasizes that Walmart is not under immediate pressure to generate returns through public offerings but is instead prioritizing sustainable financial results.