Walmart's Flipkart shifts base to India as it prepares for IPO


People collect a box with Flipkart's logo, on a conveyor belt at Flipkart's fulfillment and sort center at Sanpka near Gurugram, India, August 26, 2025. REUTERS/Anushree Fadnavis

MUMBAI, March 9 (Reuters) - ⁠Walmart's Indian e-commerce firm Flipkart has shifted its ⁠holding company to India from Singapore, the company ‌said on Monday, paving the way for its planned stock market listing in the country.

The firm joins dozens of Indian startups ​that once chose to be based ⁠abroad for better access ⁠to capital and smaller tax bills but are now ⁠queuing ‌to return home from financial hubs such as Singapore due to better IPO prospects ⁠in the country.

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