Flipkart moves its headquarters back to India ahead of IPO
Source: TechCrunch
Flipkart relocates headquarters to India ahead of IPO
Indian e‑commerce giant Flipkart has moved its headquarters back to India from Singapore as it prepares for a potential IPO in the coming months.
The relocation comes more than a decade after Flipkart moved its headquarters overseas. The company is targeting a stock‑market debut in India in the financial year ending March 2027, people familiar with the company told TechCrunch.
A broader trend among Indian startups
Flipkart’s IPO plans arrive as India’s e‑commerce market expands rapidly, driven by a growing internet user base that has already crossed a billion subscribers. The move mirrors a broader trend of Indian startups relocating their overseas holding structures back home, including:
Financial snapshot
- Gross merchandise value (GMV): about $30 billion in 2025, up from roughly $23 billion in 2021 (source).
- Customers: more than 500 million.
- Sellers: 1.6 million across the country.
- Logistics: Ekart delivers to over 22,000 pin codes nationwide.
History and ownership
Founded in 2007 in Bengaluru, Flipkart was among several Indian startups that set up overseas holding structures to attract foreign investment, benefit from tax advantages, and navigate India’s regulatory environment at the time. In 2018, Walmart acquired a majority stake in Flipkart for $16 billion (TechCrunch report).
Regulatory approval and redomiciliation
Flipkart first announced plans to move its headquarters back to India in April 2025 (announcement). By September, the restructuring had received in‑principle approval from a Singapore court (details), and hearings were held before India’s National Company Law Appellate Tribunal.
“Flipkart has received Government of India approval for its internal restructuring, pursuant to which Flipkart Internet Private Limited is now the holding entity of the Flipkart group. This completes the redomiciliation of the Flipkart group to India, a significant milestone that reflects our deep and long‑term commitment to India,” a company spokesperson said.