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Flipkart Mulling Reverse Flip To India With IPO On The Horizon

Inc42 · 11m

Ecommerce giant Flipkart is in talks to shift its parent entity from Singapore to India, as part of its long-term objective to pursue an IPO. The move aligns with a trend of reverse flipping, with companies like PhonePe and Groww already relocating their headquarters back to India. The shift could also provide significant tax benefits for the Indian government. Flipkart's leadership has been discussing the relocation, which may face challenges due to the company's large scale and involvement of various entities. Flipkart's IPO plans are not immediate, but the market's confidence is tied to the company's profitability, which still needs improvement.