22/4/2025, 10:06:02 am

Walmart-backed Flipkart to shift base back to India from Singapore

Flipkart will shift its holding company from Singapore to India, the e-commerce company said on Tuesday, as its parent Walmart aims to take the 17-year-old company public. Many Indian startups that once chose to be based abroad for better access to capital and smaller tax bills are now queuing to return home from financial hubs such as Singapore and the U.S. due to better initial public offering.