Flipkart's Strategic Move: Domicile Shift to India

Flipkart, originally headquartered in Singapore, is moving its domicile to India. This strategic shift aligns with Flipkart's operations, the Indian economy's potential, and its tech-driven capabilities, possibly positioning the company closer to a public listing in India.

In a significant development, Walmart-owned Flipkart announced on Tuesday its decision to relocate its domicile from Singapore to India, a move that signals a potential step towards a public listing in the country.

Currently headquartered in Singapore, Flipkart emphasized that the shift is a natural evolution of aligning its holding structure with its core operations in India and the growing potential of the Indian economy.

The company, recognized as one of India's foremost e-commerce platforms, believes that this transition will further enhance its focus and agility in serving various stakeholders while contributing to the nation's digital economy and entrepreneurial landscape.

(With inputs from agencies.)