India, April 17 -- Walmart-owned Flipkart is planning to enter India's movie and live events ticketing segment ahead of a potential initial public offering (IPO). 

To tap into the fast-growing market driven, the company is planning to launch a separate vertical to enter the segment, as per a report by Reuters. Flipkart is mulling to launch the service as early as May, putting it in direct competition with BookMyShow and Eternal's District.

Flipkart did not respond to Inc42's queries on the development. The story will be updated based on their response. 

If materialised, Flipkart's entry into the ticketing business will help it diversify beyond its core ecommerce business and build new consumer-facing verticals.

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