Flipkart's Big Move Before IPO, Holding Company To Shift Base From Singapore To India

Mumbai: E-commerce giant Flipkart has taken a major strategic decision ahead of its anticipated Initial Public Offering (IPO) by planning to move its holding company domicile from Singapore to India. The decision has received internal approval and is seen as a significant step toward getting listed on Indian stock exchanges.

Backed by global retail giant Walmart, Flipkart is aiming to strengthen its board structure and operational framework to ensure a successful public offering. The company’s IPO, expected within the next 12 to 15 months, could be one of the largest among India’s new-generation tech firms.

A Deep Commitment to Indian Growth

A Flipkart spokesperson stated that this strategic move reflects the company’s deep and unwavering commitment to India. “We are inspired by the Indian government’s progressive policies and business-friendly initiatives. These have played a crucial role in shaping our journey,” the spokesperson said.

He further added that the shift in holding structure will better align with Flipkart’s core operations, the vast potential of the Indian economy, and its technology and innovation-driven capabilities. The move is also expected to accelerate India’s broader digital transformation.

Operational Shifts Within the Company

In a recent internal change, Flipkart ended its work-from-home policy, directing all its 22,000 employees to return to the office five days a week. This shift underscores the company's efforts to streamline its operational focus and align its internal teams more closely ahead of its IPO.

IPO Delayed Previously, Now Back on Track

Flipkart had earlier considered launching its IPO in 2022–2023, but delayed the plan due to financial factors and global economic uncertainties. However, with conditions improving, the company is now back on track.

According to a joint FICCI-Deloitte report, India's e-commerce market is projected to reach $325 billion by 2030, growing at a compound annual growth rate (CAGR) of 21 per cent.

India Seeing a Wave of Startup IPOs

Flipkart is not alone. Over 20 Indian startups are expected to go public in 2025. Some notable names include Bluestone, Zepto, boAt, and Ather Energy. Many startups previously domiciled abroad are now reverse-flipping to set up base in India, driven by policy support and market potential.