New Delhi: Flipkart is set to move its headquarters from Singapore back to India, marking a strategic shift that aligns the company’s holding structure with its core operations and long-term growth plans within the country. The move, pending regulatory approvals, is part of a growing trend among Indian startups re-establishing their base in India.

“As a company born and nurtured in India, this transition will enhance our focus and agility in serving customers, sellers, partners, and communities,” said a Flipkart spokesperson. “We are reaffirming our long-term confidence in India’s future and are inspired by the government’s strong vision and ease of doing business initiatives.”

Founded in Bengaluru in 2007 by Sachin Bansal and Binny Bansal, Flipkart moved to Singapore in 2011 to leverage foreign investment opportunities and navigate regulatory challenges. The decision to return follows similar moves by startups like Zepto, Groww, and PhonePe, many of which are preparing for IPOs in Indian markets.

Walmart, which acquired a 77% stake in Flipkart in 2018 for $16 billion, has indicated plans to list both Flipkart and PhonePe on Indian stock exchanges in the coming years.

BI Bureau