India ‘great destination’ for tech IPOs, markets welcoming: Binny Bansal

Flipkart co-founder Binny Bansal, whose e-commerce startup was acquired by Walmart for $16 billion in 2018, has a piece of advice for entrepreneurs: Incorporate in India to build a “global company”.

Binny Bansal said this in Bengaluru as several Indian startups domiciled in Singapore and the United States consider shifting their base, or reverse-flipping, to India. These include companies in fintech, edtech, e-commerce, stockbroking, and health care.