Flipkart to relocate HQ to India ahead of IPO

Flipkart, the Walmart-owned Indian e-commerce startup that closely fights Amazon in the South Asian market, is preparing to shift its headquarters back to India from Singapore as the company prepares to file for an IPO on Indian stock exchanges. Flipkart says the move “represents a natural evolution, aligning our holding structure with our core operations, the vast potential of the Indian economy.” The startup says the relocation is subject to requisite approvals without disclosing a specific timeline however, Flipkart is expected to file for an IPO in the country sometime next year.

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