Walmart-backed Flipkart to shift base back to India from Singapore

Walmart-backed Flipkart to shift base back to India from Singapore

Better IPO prospects are luring Indian start-ups home. Read more at straitstimes.com.

Exclusive: Flipkart Internet Receives INR 533 Cr From Singapore Parent

Flipkart Internet, the marketplace arm of Walmart-owned Flipkart, has secured INR 533 Cr (around $62 Mn) funding from its Singapore-based parent entity Flipkart Marketplace Private Limited and its step-down subsidiary Quickroutes International Private Limited. The ecommerce giant’s board issued 76,179 equity shares at INR 69,966.28 per share on a rights issue basis to raise the funds from Flipkart Marketplace and Quickroutes International in Sin…

E-commerce giant Flipkart heads home, to shift holding company from Singapore to India - Connected to India News I Singapore l UAE l UK l USA l NRI

Flipkart said on Tuesday that it will move its holding company from Singapore to India. The company, which is owned by Walmart, is getting ready to go public, as per reports. Flipkart’s office in Bengaluru, India. Photo courtesy: Screengrab from YouTube Earlier, many Indian startups set up their base in countries like Singapore and the US to get easier access to funding and pay less tax. But now, many of them are moving back to India, as listing…

Flipkart to shift holding company from Singapore to India

FLIPKART said on Tuesday it will shift its holding company from Singapore to India. The move aligns with the company's operations and comes as it considers a possible public listing in the country.The Walmart-owned e-commerce company is currently domiciled in Singapore.“Flipkart, India’s homegrown e-commerce platform, proudly based and operating in India, has shared its intention to relocate its holding company from Singapore to India,” the comp…

Flipkart to shift headquarters back to India from Singapore ahead of IPO plans

Flipkart, the Walmart-owned e-commerce powerhouse, is moving its headquarters back to India from Singapore as it gears up to go public on Indian stock exchanges next year. In a statement on Monday, the company said the decision “represents a natural evolution, aligning our holding structure with our core operations, the vast potential of the Indian economy.”Founded in Bengaluru in 2007, Flipkart shifted its base to Singapore in 2011 to attract f…

Flipkart to Relocate Headquarters from Singapore to India - PUNE PULSE

In a significant strategic shift, Flipkart has announced the relocation of its headquarters from Singapore to India. The move, confirmed on April 22, aligns with the e-commerce giant's plans to go public and reflects a broader trend of Indian startups returning to their roots. Founded in 2007 in Bengaluru by Sachin and Binny Bansal, Flipkart