Flipkart to Relocate Headquarters from Singapore to India Ahead of IPO Plans
Bengaluru | April 22, 2025 — In a major strategic move, e-commerce giant Flipkart has confirmed plans to shift its headquarters from Singapore back to India. The announcement, made on April 22, signals the company’s preparation for a public listing and aligns with a growing trend of Indian startups returning to their home base.
Founded in Bengaluru in 2007 by Sachin and Binny Bansal, Flipkart started as a modest online bookstore before expanding into a full-scale e-commerce platform offering electronics, apparel, groceries, and more. In 2011, Flipkart moved its headquarters to Singapore to attract foreign investment, simplify tax logistics, and navigate regulatory complexities. That shift was seen as instrumental in the company’s rapid ascent in the e-commerce market.
Now, as majority stakeholder Walmart gears up to take Flipkart public, the company is bringing its base back to India. The move is currently awaiting necessary regulatory approvals. Once finalized, the relocation is expected to ease compliance under India’s Foreign Exchange Management Act (FEMA), reduce dual regulatory burdens, and streamline taxation processes.
A Flipkart spokesperson commented, “Being a company born in India, this transition reaffirms our commitment to the Indian market. It allows us to better serve our ecosystem—customers, sellers, and partners—while aligning with the government’s vision for a digitally empowered economy.”
Flipkart’s decision is part of a wider trend among Indian startups such as Zepto, Groww, and PhonePe, which have also repatriated their headquarters to India to tap into stronger local valuations and pursue listings on Indian stock exchanges.
In 2024, Walmart executive Dan Bartlett told Reuters that both Flipkart and PhonePe are being prepared for IPOs in India—a move that could further solidify Walmart’s position in one of the world’s fastest-growing digital markets.
Described by many as a “homecoming,” Flipkart’s return is being viewed as a reaffirmation of its long-term stake in India’s digital and entrepreneurial landscape.
