Indian e-commerce giant Flipkart has moved its headquarters back to India from Singapore. This relocation is a key step as the company prepares for a potential initial public offering in the coming months. The move comes more than a decade after Flipkart originally shifted its headquarters overseas.
The company is targeting a stock market debut in India within the financial year ending March 2027. This information comes from people familiar with the company’s plans.
Flipkart’s IPO preparations coincide with the rapid expansion of India’s e-commerce market, which is fueled by a growing internet user base that has already crossed one billion subscribers. The headquarters shift is part of a broader trend among Indian startups, which are relocating their overseas holding structures back to India as they seek to go public. Other companies making similar moves include Zepto and Groww, with Groww having already gone public last year.
Flipkart’s gross merchandise value reached approximately $30 billion in 2025, according to sources. This marks a significant increase from roughly $23 billion in 2021. The platform now serves more than 500 million customers and works with over 1.6 million sellers across the country. Its logistics arm, Ekart, delivers to more than 22,000 pin codes nationwide.
Founded in 2007 in Bengaluru, Flipkart was one of several Indian startups that initially established overseas holding structures. This was a common strategy to attract foreign investment, benefit from certain tax advantages, and navigate India’s regulatory landscape at the time. Walmart acquired a majority stake in Flipkart for $16 billion in 2018.
India has been actively encouraging more technology companies to list on domestic stock exchanges. Companies are also seeking greater regulatory clarity and simpler tax structures by moving their headquarters back to the country.
Flipkart first announced its plan to relocate its headquarters back to India in April 2025. By September of that year, the restructuring had received in-principle approval from a Singapore court. Hearings related to the shift were also held before India’s National Company Law Appellate Tribunal.
A company spokesperson stated, “Flipkart has received Government of India approval for its internal restructuring, pursuant to which Flipkart Internet Private Limited is now the holding entity of the Flipkart group. This completes the redomiciliation of the Flipkart group to India, a significant milestone that reflects our deep and long-term commitment to India.”