India, May 15 -- Ecommerce major Flipkart has reportedly deferred its IPO till at least the next year as it eyes profitability before listing publicly.

As per a Moneycontrol report, US-based retailer Walmart, which owns an 80% stake in Flipkart, has asked the ecommerce company to pause any fundraising efforts and instead focus on achieving EBITDA breakeven in the current financial year (FY27).

With this, Flipkart's plans to raise a $2-2.5 Bn pre-IPO round have also been put on hold as it might distract the leadership from its margin improvement efforts, the report added.

Questions sent to Flipkart didn't elicit any response till the time of publishing this story.

The ecommerce firm has been eyeing a public listing for years now, but h...