Flipkart made a strategic decision to return its headquarters from Singapore to India as part of its efforts to align corporate operations with its Indian territory while preparing for an initial public offering (IPO). The company, valued at $36 billion plans to launch its IPO during the time frame of late 2025 or early 2026 following its decision to move its headquarters from Singapore back to India.​

Key Highlights:

• Flipkart to shift its domicile from Singapore to India to streamline IPO process.
• The Walmart-owned e-commerce giant targets an IPO within 12–15 months, by late 2025 or early 2026.
• The move aligns with Flipkart's operational base and Indian regulatory requirements.
• Flipkart's valuation stands at approximately $36 billion.
• The decision follows a trend of Indian startups returning their headquarters to India for a favourable IPO

Flipkart to Relocate to India Ahead of IPO

The company Flipkart changed domicile by moving to Singapore in 2011, following its 2007 inception and Walmart acquisition in 2018. This movement back to India is viewed as a natural step that brings the company's organizational structure closer to its principal business center in the country. The relocation offers a chance for the Indian government to gain tax advantages and simplifies the regulatory framework for both parties.​

Indian startups including PhonePe as well as Razorpay and Zepto have returned their headquarters to India in order to benefit from favorable IPO conditions and familiar investor relationships. PhonePe followed Flipkart's previous subsidiary status to relocate to India during 2022 while causing Walmart to pay approximately $1 billion in tax liabilities.​

Flipkart Set to Lead India’s Next Wave of Consumer-Tech IPOs

Flipkart started preparing its initial public offering in 2021, yet postponed it because market conditions became unfavorable from mid-2022 to mid-2023. Consumer-tech IPOs present an opportune moment for the company to take the lead among upcoming new-age firms planning their public offerings in the upcoming years. Indian consumer internet companies gained new investor support as Nykaa and Zomato, together with Swiggy, completed their listings.​

Flipkart continues moving its headquarters to India with plans to use the established national operations for marketplace oversight and logistics, and payment services for future progress. The strategic relocation strengthens Flipkart's pledge to its domestic market while creating better circumstances for upcoming development and financial success.​