"Flipkart's gross merchandise value reached about $30 billion in 2025, sources told TechCrunch, up from roughly $23 billion in 2021. The platform has more than 500 million customers and 1.6 million sellers across the country, while its logistics arm Ekart delivers to more than 22,000 pin codes nationwide."
"The relocation mirrors a broader trend of Indian startups, including Zepto and Groww, relocating their overseas holding structures back home in recent years as they seek to go public. Groww went public last year, while Zepto filed confidentially for an IPO in December."
"Founded in 2007 in Bengaluru, Flipkart was one of several Indian startups to set up overseas holding structures as they sought to attract foreign investment, benefit from tax advantages, and better navigate India's regulatory environment at the time. In 2018, Walmart acquired a majority stake in Flipkart for $16 billion."
Flipkart, India's e-commerce giant owned by Walmart, has moved its headquarters back to India from Singapore after more than a decade overseas, positioning itself for a potential IPO by March 2027. The company's gross merchandise value reached approximately $30 billion in 2025, serving over 500 million customers and 1.6 million sellers. This relocation reflects a broader trend among Indian startups like Zepto and Groww, which are returning their overseas holding structures to India to facilitate public listings. Originally founded in Bengaluru in 2007, Flipkart had established overseas structures to attract foreign investment and navigate regulatory challenges. India's government encourages domestic technology listings, offering regulatory clarity and simplified tax structures that motivate companies to relocate headquarters back home.
Read at TechCrunch
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