India is a better destination for tech IPOs: Binny Bansal to entrepreneurs

Flipkart co-founder Binny Bansal, whose e-commerce startup was acquired by US retail giant Walmart for $16 billion in 2018, has a piece of advice for entrepreneurs: “India is a better destination for tech IPOs, especially for Indian companies.”

His comments come at a time when an increasing number of startups are planning to move their domiciles to the country. Many Indian startups domiciled abroad in countries such as Singapore and the US are considering shifting their base or reverse-flipping to India. These include companies engaged in areas such as fintech, e-commerce, stock broking, healthcare, and edtech.