Flipkart has moved its headquarters from Singapore back to India as the company prepares for a potential initial public offering (IPO). The relocation marks a major structural change for the Walmart-owned e-commerce giant ahead of its anticipated listing.
The company had moved its holding structure to Singapore in 2011 to benefit from easier access to global capital and a more favourable tax environment. However, with plans to go public in India, relocating its domicile back to the country removes regulatory hurdles for listing on domestic stock exchanges.
The shift aligns Flipkart’s corporate structure with its core operations, which are largely based in India. The company was founded in Bengaluru in 2007 by Sachin Bansal and Binny Bansal and later acquired by Walmart in 2018 in a $16 billion deal.
Reports indicate Flipkart could target a domestic IPO before March 2027, though details such as valuation and offering size are still being finalised. The move reflects a broader trend of Indian startups shifting their overseas holding structures back to India to tap domestic capital markets.
With the relocation completed, Flipkart is now positioning itself for what could become one of the biggest technology IPOs in India.
