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Flipkart shifts legal base to India, paving way for potential mega tech IPO

02:26 Min

E-commerce giant Flipkart has moved its legal base from Singapore to India, a strategic step widely seen as paving the way for one of the country’s largest-ever tech IPOs. The Walmart-backed firm is reportedly in early talks with investment banks, as India’s fast-growing e-commerce market is projected to reach US$345 billion by 2030.

E-commerce giant Flipkart has moved its legal base from Singapore to India, a strategic step widely seen as paving the way for one of the country’s largest-ever tech IPOs. The Walmart-backed firm is reportedly in early talks with investment banks, as India’s fast-growing e-commerce market is projected to reach US$345 billion by 2030.

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