Flipkart moves its headquarters back to India ahead of IPO

Indian e-commerce elephantine Flipkart has moved its office backmost to India from Singapore arsenic it prepares for a imaginable IPO successful the coming months.

The relocation comes much than a decennary aft Flipkart moved its office overseas. The institution is targeting a banal marketplace debut successful India successful the fiscal twelvemonth ending March 2027, radical acquainted with the institution told TechCrunch.

Walmart-owned Flipkart’s IPO plans travel arsenic the country’s e-commerce marketplace expands rapidly, acknowledgment to a increasing net idiosyncratic basal that’s already crossed a cardinal subscribers. The relocation mirrors a broader inclination of Indian startups, including Zepto and Groww, relocating their overseas holding structures backmost location successful caller years arsenic they question to spell public. Groww went nationalist past year, portion Zepto filed confidentially for an IPO successful December.

Flipkart’s gross merchandise worth reached astir $30 cardinal successful 2025, sources told TechCrunch, up from astir $23 cardinal successful 2021. The level has much than 500 cardinal customers and 1.6 cardinal sellers crossed the country, portion its logistics limb Ekart delivers to much than 22,000 pin codes nationwide.

Founded successful 2007 successful Bengaluru, Flipkart was 1 of respective Indian startups to acceptable up overseas holding structures arsenic they sought to pull overseas investment, payment from taxation advantages, and amended navigate India’s regulatory situation astatine the time. In 2018, Walmart acquired a bulk involvement successful Flipkart for $16 billion.

India has been encouraging much exertion companies to database domestically and arsenic companies question greater regulatory clarity and simpler taxation structures by moving their office backmost home.

Flipkart archetypal announced plans to determination its office backmost to India successful April 2025. By September, the restructuring had received in-principle support from a Singapore court, portion hearings related to the displacement were besides held earlier India’s National Company Law Appellate Tribunal, radical acquainted with the substance told TechCrunch astatine the time.

“Flipkart has received Government of India support for its interior restructuring, pursuant to which Flipkart Internet Private Limited is present the holding entity of the Flipkart group. This completes the redomiciliation of the Flipkart radical to India, a important milestone that reflects our heavy and semipermanent committedness to India,” a institution spokesperson said.