Walmart-owned Flipkart plans to expand its rapid commerce business in India before the IPO.

Walmart-owned Flipkart is accelerating its expansion of "quick commerce" operations in India, planning to add 500 community warehouses nationwide, focusing on small and medium-sized cities to compete in this rapidly growing $11 billion market. This move comes as Flipkart, a competitor to Amazon in the e-commerce space, prepares for an IPO in Mumbai, although a specific timeline has yet to be determined. Flipkart entered the "quick commerce" sector in India relatively late, where businesses deliver a variety of goods from iPhones to chocolates to milk to customers within 10 to 30 minutes through community warehouses, reshaping the shopping habits in the country with the largest population in the world. According to data from Datum Intelligence, Blinkit under Eternal has over 2,200 stores in India, and Instamart under Swiggy has over 1,100 stores. Flipkart stated on Tuesday that it currently has 1,000 stores and plans to increase this number to 1,500 within the next few months.