Flipkart to shift base from Singapore to India because it prepares to public, IPO in subsequent 12-15 months – Firstpost

Flipkart, India’s e-commerce large, is gearing as much as hit the inventory market with an preliminary public providing (IPO) within the subsequent 12 to fifteen months. The Walmart-owned firm, valued at a hefty $36 billion, is taking concrete steps to make this a actuality.

Amongst these, it’s planning to shift its headquarters from Singapore to India, a strategic transfer to align with native laws and put together for an inventory on India’s inventory change. In line with a report by the Financial Occasions, the IPO may very well be launched by late 2025 or early 2026.

This growth indicators a serious milestone in Flipkart’s journey, which started as a humble startup 17 years in the past. Now, the corporate goals to consolidate its place as a market chief whereas tapping into India’s rising e-commerce sector.

Relocating base to easy the itemizing course of

Flipkart’s determination to maneuver its base again to India is greater than symbolic — it’s a calculated step to streamline the IPO course of. At the moment, Flipkart Pvt Ltd operates out of Singapore, managing a number of Indian subsidiaries that oversee key operations like logistics, funds, and its market. By relocating, the corporate goals to simplify regulatory compliance and higher align its operations with the Indian market.

This domicile shift may additionally translate into a major tax profit for the Indian authorities, offering a win-win situation as Flipkart takes its first steps towards going public.

Walmart’s IPO playbook

Walmart, which purchased a majority stake in Flipkart for $16 billion in 2018, has been planning and getting ready for its IPO technique for fairly a while now. Earlier this yr, the retail large indicated that it was actively evaluating the proper time to record each Flipkart and PhonePe, its digital funds arm. Analysts have been instructed that whereas each companies are thriving, Flipkart stays the extra mature of the 2, making it a powerful contender for an IPO debut.

Nonetheless, some reviews recommend PhonePe may beat Flipkart to the market. Walmart’s cautious strategy displays the excessive stakes concerned because it navigates timing and market circumstances.

Using the wave of India’s e-commerce increase

The IPO plans come at a time when India’s e-commerce sector is experiencing explosive progress. Competing fiercely with Amazon and different home gamers, Flipkart has been on the forefront of this digital transformation.

A public itemizing is not going to solely be a historic milestone for the corporate however may additionally reshape India’s tech panorama, providing world buyers a slice of one of many fastest-growing e-commerce markets on this planet.