Flipkart plans to relocate holding company to India from Singapore

BENGALURU: Walmart-owned ecommerce major Flipkart to shift its domicile back to India from Singapore. This comes ahead of its potential IPO plan, and the ecommerce giant is the latest company to do ‘reverse flipping’ after PhonePe, Razorpay, Groww and Zepto.

In a statement, Flipkart said, this strategic decision reflects our deep and unwavering commitment to India and its remarkable growth.