Flipkart is preparing to launch a dedicated ticketing vertical for movies and live events as early as May, according to a Reuters report, placing the Walmart-owned ecommerce platform in direct competition with BookMyShow and Eternal's District. The company has not confirmed the plans publicly. The move is part of a broader diversification push ahead of a domestic IPO Flipkart is targeting within the next 12 to 18 months. Separately, the company is piloting food delivery in Bengaluru between May and June, evaluating either a standalone platform or a buyer-facing app on the government-backed ONDC network, with a wider rollout possible by year-end. To fund this expansion, Flipkart is seeking a $2 billion to $2.5 billion pre-IPO round; CEO Kalyan Krishnamurthy has held meetings with Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup, as well as domestic banks including Axis Bank and Kotak Mahindra Bank. On financials, the marketplace arm posted FY25 operating revenue of ₹20,493 Cr, up 14% year-on-year, while net losses narrowed 37% to ₹1,494 Cr. The Delhi High Court also upheld an injunction barring Flipkart from using its 'MarQ' appliance brand following a trademark dispute with Marc Enterprises dating to 2018.
Flipkart will launch a food delivery pilot in Bengaluru by mid-August, charging restaurants a 10-11% commission compared to the 25-35% levied by Swiggy and Zomato. The move targets growing restaurant discontent with incumbent platforms and aims to drive daily engagement across Flipkart's 500 million registered users.
Maruti Suzuki crossed two lakh domestic units in July 2026 for the first time, recording 42.4% year-on-year growth. Total sales including exports and OEM supplies reached 2,41,421 units, with all passenger vehicle segments posting gains.
Air India's net loss more than doubled to ₹22,238 crore in FY26, prompting Tata Sons chairman N Chandrasekaran to extend the Vihaan.AI turnaround timeline from five years to as long as a decade.
UpGrad's all-stock acquisition of Unacademy, valued at Rs 1,955 crore, is set to close within three weeks after CCI clearance and near-complete investor sign-offs. The deal combines upGrad's upskilling business with Unacademy's test prep and medical education platforms, with Gaurav Munjal staying on as CEO.
