Will Flipkart IPO set a precedent for other Indian unicorns?

Flipkart, India’s most valuable internet startup, is said to be gearing up for an initial public offering (IPO) in the US by 2022. As it looks to tap the public markets, the Walmart-owned e-commerce giant’s focus will be on strengthening compliance and achieving profitability. Mint analyses what an IPO means for Flipkart and whether this could set a precedent for other Indian unicorns.