Walmart is preparing to launch initial public offerings (IPOs) for its Indian subsidiaries, PhonePe and Flipkart, within the next two years, according to a company executive. This move is part of Walmart's strategy to unlock greater value from these fast-growing businesses. PhonePe, a digital payments platform, and Flipkart, a major e-commerce player, have seen substantial growth in India's expanding market. The IPOs aim to capitalize on this momentum, providing opportunities for further investment and expansion, and demonstrating Walmart's commitment to its Indian ventures.