Flipkart moves its headquarters back to India ahead of the IPO

Indian e-commerce giant Flipkart has moved its headquarters back to India from Singapore as it prepares for a possible IPO in the coming months.

The move comes a decade after Flipkart shifted its headquarters overseas. The company is eyeing a 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 is growing rapidly, thanks to the number of internet users that have already crossed one billion subscribers. The move reflects many of India’s original initiatives, including Zepto and growthmoving their foreign homes back home in recent years as they seek to become more visible. Growing up it went public last yearwhile Zepto filed for a private IPO in December.

Flipkart’s net worth could reach around $30 billion in 2025, sources told TechCrunch, from approx. $23 billion in 2021. The platform has over 500 million customers and 1.6 million sellers across the country, while its Ekart arm offers over 22,000 pints across the country.

Founded in 2007 in Bengaluru, Flipkart was one of a number of Indian companies that set up overseas operations aiming to attract foreign investment, benefit from tax advantages, and manage the Indian economy at that time. In 2018, Walmart acquired a majority stake in Flipkart for $16 billion.

India has been encouraging many tech companies to list domestically and companies are seeking clarity on the rules and simplified tax procedures for moving their headquarters home.

Flipkart first he announced plans to move his headquarters back to India in April 2025. By September, the renovation was received approval in principle from a Singapore court, while proceedings related to the change were also held at India’s National Company Law Appellate Tribunal, people familiar with the matter told TechCrunch at the time.

“Flipkart has received the approval of the Government of India to reorganize its interior, according to which Flipkart Internet Private Limited is now a part of the Flipkart group. This completes the reorganization of the Flipkart group into India, an important milestone that reflects our long-term commitment to India,” the company’s spokesperson said.