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Walmart India IPO: India presents a tough battleground for Walmart

Walmart Inc. — which has been waiting to launch Flipkart IPO — has had its patience tested. It’s unlikely to get Flipkart out the door next year: A 2026 IPO may be a more reasonable expectation, with a little diplomatic help from the incoming government in Washington. The business side of things is not the reason for the delay. Flipkart's sheer reach across a continent-sized geography gives it the heft that took the likes of Unilever Plc a century to build.