Flipkart shuns IPO plan for now

Leading e-commerce company Flipkart  has hit the headlines for raising $200 million from its existing investors, which has made it the single largest round of funding in the Indian ecommerce market.  Since then, the Bangalore-based company is on a growth track. However, on the issue of its initial public offer plans (IPO) the things are dubious. Speculations are running high that company  might have its  IPO in next  two to three years. Still the company is mulling over listing in India as well abroad. The company’s spokesperson has informed to Retailer, “ an IPO will happen sometime in the future.” The company has recently expand its portfolio by launching women apparel category.