In a major strategic move ahead of its anticipated Initial Public Offering (IPO), e-commerce giant Flipkart is preparing to relocate its holding company from Singapore to India. The decision marks a significant step towards reinforcing its operational and structural base within the country.
According to sources, Flipkart has already secured internal approvals to initiate the redomiciling process. This shift is a crucial milestone as Walmart-backed company strengthens its foundation for a public listing, which is expected within the next 12 to 15 months. If successful, Flipkart’s IPO could become one of India’s most extensive offerings by a new-generation company.
A Flipkart spokesperson highlighted that the move demonstrates the company’s deep and unwavering commitment to India. “Inspired by the Indian government’s robust policies and business-friendly initiatives, we are excited to further align our structure with the immense potential of the Indian economy and its vibrant technology and innovation ecosystem,” the spokesperson said.
The company emphasized that realigning its holding structure with its core Indian operations would bolster its contribution to the country’s ongoing digital transformation.
Setting the Stage for Growth
Flipkart had initially thought of going public through an IPO in 2022–2023. However, the process was put on hold because of financial headwinds and worldwide economic uncertainty during that period.
Now, with India’s e-commerce industry expected to be valued at $325 billion by 2030 and expanding at a robust annualised rate of 21%, the timing is right. The industry’s bright future has also spurred IPO plans for other Indian startups, such as Bluestone, Zepto, boAt, and Ather Energy.
In a broader trend, several Indian-origin companies domiciled abroad are exploring ways to shift their bases back to India, capitalizing on the supportive domestic environment for startups and technology-led enterprises.
Internal Changes to Support the Transition
In yet another recent move, Flipkart has ended its decade-old work-from-home policy, requiring its staff of around 22,000 employees to come to office five days a week. This change of functioning of the organization is prompted with the objective of more effective collaboration and operational efficiency as the company prepares for the next phase of growth.
The Bigger Picture
Industry leaders think that Flipkart’s decision to domicile in India may not only ease its regulatory structure before the IPO but also appeal well to Indian investors who like companies to be well-rooted domestically.
As Flipkart gets aggressively positioned within the Indian market, the decision highlights the larger trend of homecoming by Indian startups and reasserts India’s role as a global center for technology and innovation-led businesses.
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