Meta’s Dan Neary joins Flipkart board as ecommerce major gears up for IPO filing in 2026

Flipkart has inducted former senior Meta executive Dan Neary to its board of directors, as the Walmart-controlled ecommerce major intensifies efforts toward a long-planned public listing, people familiar with the development told ETtech. In March this year, Neary left Meta after more than a decade leading the company’s growth across the Asia Pacific region.

Neary had helmed Meta’s (then Facebook) expansion across Australia, Greater China, Southeast Asia, and other markets.

The addition of Leary comes at a crucial time when India’s largest private internet company is going into the next year for a potential public-market listing.

Neary joins others on the Flipkart board including Walmart executives Kathryn McLay who is president and CEO of Walmart International,Suresh Kumar, global chief technology officer, Walmart, and Dan Bartlett, executive VP, Corporate Affairs, Walmart. Others on the board include, Keki Mistry, former HDFC CEO, Lydia Jett, former Managing Partner, SoftBank Investment Advisers, Tencent’s James Mitchell, former Deloitte Singapore chairman Chaly Mah and Flipkart group CEO Kalyan Krishnamurthy.

The Flipkart board had earlier in the year approved the plan to shift the online retailer’s domicile from Singapore to India in preparation of a domestic listing. The Indian entity, Flipkart Internet Ltd, operates the company’s India marketplace. However, there are multiple other units that house the company’s other businesses such as payments, logistics and its subsidiary Myntra.

Flipkart’s younger competitor Meesho which caters to the value-focussed shopper opened its IPO issue on Wednesday. The Bengaluru-based e-tailer is going public with a Rs 5,421-crore offering, which will value Meesho at Rs 51,535 crore on a post-money basis. It is raising Rs 4,250 crore in fresh capital from the IPO.

ET reported on September 29 that Flipkart group entities narrowed losses in 2024-25 as it cut back on expenses, although revenue growth was muted amid a slowdown in overall online retail. Financial statements of Flipkart group entities sourced from the Registrar of Companies showed that losses for the core marketplace entity Flipkart Internet, its in-house logistics arm Ekart and online travel portal Cleartrip narrowed by 12-36% year-on-year. Myntra, the Flipkart-owned fashion and beauty etailer, saw its profits jump almost 18-fold during 2024-25.

Flipkart Internet posted a 14% increase in revenue for 2024-25 to Rs 20,493 crore while net losses fell 37% to Rs 1,494 crore.