Walmart-owned Flipkart poised to list publicly, says SoftBank

In India, SoftBank has backed many companies, and unicorns or start-ups with over $1 billion in valuation

Walmart-owned e-commerce giant Flipkart is among SoftBank’s list of portfolio companies which are poised to go public. Other such portfolio companies of the Japanese investor which are expected to list publicly include the British chip designer arm, TikTok parent ByteDance, mobile payment system PayPay, Mexican online used-car dealership Kavak and Brazilian real estate startup QuintoAndar.

SoftBank said the fair value of its late-stage portfolio is over $37 billion. It said the public listing readiness of the firms included strong fundamentals, resilient business models, sustainable growth profiles, governance, operating and financial discipline.

In India, SoftBank has backed many companies, and unicorns