Flipkart, India’s leading e-commerce platform, is preparing for an initial public offering (IPO) in the next 12-15 months, with plans to shift its corporate domicile from Singapore to India, according to reports. The Walmart-owned company, valued at $36 billion, has reportedly secured internal approvals for this strategic move, which aligns with its vision to list on Indian stock exchanges.
The IPO is expected by late 2025 or early 2026. The decision to move the company’s base to India reflects Flipkart’s focus on aligning with Indian regulatory requirements, streamlining its operations, and tapping into the domestic capital markets. Flipkart currently manages its marketplace, logistics, and payments verticals through its Indian subsidiaries under the Singapore-based parent company. The domicile shift is also likely to generate significant tax revenue for India.
Walmart acquired Flipkart for $16 billion in 2018, while reviewing the timeline for an initial public offering. In May this year, it said it weighed public listings for both Flipkart and PhonePe, its arm for digital payments. Top executives at Walmart had sounded very confident of the growth trajectory taken by Flipkart, citing maturity in terms of business and competitive advantages it had won over time in India’s e-commerce space.
Competition is already high, with India’s e-commerce sector growing exponentially and Flipkart fiercely fighting for market leadership against Amazon and other domestic players. A public listing would be a big milestone for Flipkart, founded 17 years ago and a cornerstone in India’s digital commerce ecosystem.
The IPO could help Flipkart gain strength in the competitive market and might act as a benchmark for other major players in India’s tech and e-commerce industries.
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Source: Moneycontrol
News Desk
