Flipkart to Shift Domicile to India from Singapore, Paving Way for Potential Public Listing
Flipkart has been exploring the possibility of a domestic IPO for some time.
Walmart-owned e-commerce giant Flipkart announced on Tuesday its decision to shift its domicile from Singapore to India—a strategic move seen as a step toward a potential public listing in the country.
Currently headquartered in Singapore, Flipkart described the move as a natural progression in line with its deep-rooted operations in India.
“Flipkart, India’s homegrown e-commerce platform, proudly based and operating in India, has shared its intention to relocate its holding company from Singapore to India,” the company said in a statement.
“This transition reflects the alignment of our corporate structure with our primary business operations, the immense potential of the Indian economy, and our commitment to driving technological innovation and digital transformation in India,” the statement added.
Flipkart has been exploring the possibility of a domestic IPO for some time.
“As a company born and built in India, this shift will sharpen our focus and agility in serving our customers, sellers, partners, and communities, while contributing more meaningfully to the country’s expanding digital economy and entrepreneurial ecosystem,” the company said.
In 2022, Walmart-backed PhonePe—after parting ways with Flipkart later that year—relocated its headquarters from Singapore to India.
In recent months, several other startups, including Zepto and Groww, have followed suit, shifting their base to India as they prepare for potential public listings on Indian stock exchanges.
