eCommerce
Flipkart Likely To Limit ‘Minutes’ Expansion To Rein In Costs: Report
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SUMMARY
Flipkart is scaling back its quick commerce expansion plans, targeting 500-550 dark stores by October instead of the previously announced 800 dark stores by year-end
The company is under pressure to reduce its monthly cash burn of around $40 Mn as it prepares for IPO in 2026
This comes shortly after Flipkart confirmed its plans to redomicile to India from Singapore, a key step in its IPO preparation
Walmart-owned ecommerce giant Flipkart
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