Flipkart is moving its headquarters to India ahead of its IPO

Indian e-commerce giant Flipkart has moved its headquarters from Singapore to India as it prepares for a potential initial public offering in the coming months.

The move comes more than a decade after Flipkart moved its headquarters abroad. The company is targeting a stock market debut in India in the fiscal year ending March 2027, people familiar with the company told TechCrunch.

Walmart-owned Flipkart’s IPO plans come as the country’s e-commerce market expands rapidly, thanks to a growing internet user base that has already crossed 1 billion subscribers. This shift reflects a broader trend of Indian startups, including… Zepto and It growshave moved their holding structures abroad to their homeland in recent years as part of their efforts to go public. Grow It went public last yearWhile Zepto It filed confidentially for an IPO in December.

Flipkart’s gross merchandise value will reach about $30 billion in 2025, up from about $30 billion in 2025, sources told TechCrunch. $23 billion in 2021. The platform has more than 500 million customers and 1.6 million sellers across the country, while its logistics arm Ekart offers more than 22,000 pin codes nationwide.

Founded in 2007 in Bengaluru, Flipkart was one of many Indian startups that set up holding structures abroad as it sought to attract foreign investment, take advantage of tax benefits, and better navigate India’s regulatory environment at the time. In 2018, Walmart acquired a majority stake in Flipkart For 16 billion dollars.

India is encouraging more technology companies to list locally, as companies seek greater regulatory clarity and simpler tax structures by moving their headquarters back home.

Flipkart It first announced plans to move its headquarters Return to India in April 2025. By September, restructuring was complete I received initial approval from a Singapore court, while the conversion hearings were also held before India’s National Company Law Appellate Tribunal, people familiar with the matter told TechCrunch at the time.

“Flipkart has received approval from the Government of India for its internal restructuring, under which Flipkart Internet Private Limited is now the holding entity of the Flipkart Group. This completes the re-domiciliation of the Flipkart Group in India, a significant milestone that reflects our deep and long-standing commitment to India,” a company spokesperson said.