Can Flipkart Strike A Fiscal Balance Ahead Of IPO?

Can Flipkart beat a mile a minute? As the road to D-Street neared its end, the ecommerce giant has flicked into quick commerce, rolling out Minutes. The question now staring at its American parent Walmart is how much cash burn will it endure as a late entrant in a party of seasoned players. 

Digital payments major PhonePe, another Walmart-run entity, had to fork out a fortune for a reverse flip to India ahead of its public float next year.   

The US retail behemoth is in no mood to sit on its two big-ticket acquisitions. Walmart had spent…