"Flipkart is in the advanced stages of securing regulatory approvals to shift its headquarters from Singapore to India, with the transition targeted for later this year, TechCrunch has learned, as the Walmart-owned e-commerce giant prepares for an Indian IPO next year. The redomiciling process has received in-principle approvals from a Singapore court, while several hearings have already taken place at India's National Company Law Appellate Tribunal (NCLAT), people familiar with the matter told TechCrunch."
"Flipkart is working toward completing the transition within the next couple of months, aligning with India's festive season - a critical sales period - and laying the groundwork for a public listing expected as early as 2026. Flipkart initiated the process in India and Singapore simultaneously over two and a half months ago, following the board's approval for the relocation of its headquarters in April, the people said."
"In 2022, Walmart-backed PhonePe, which had split from Flipkart in late 2022, relocated its headquarters from Singapore to India. The fintech firm filed confidential IPO papers with India's market regulator, the Securities and Exchange Board of India (SEBI), earlier this week. Recent reports suggest that PhonePe is aiming to raise ₹120 billion (approximately $1.35 billion) through the offering. Startups including Zepto and Groww have also relocated their headquarters to India in recent months as they prepare to go public on Indian stock exchanges."
Flipkart is seeking regulatory approvals to move its headquarters from Singapore to India and aims to complete the redomiciling later this year. The process has received in-principle approval from a Singapore court and has seen multiple hearings at India's National Company Law Appellate Tribunal. The company is targeting completion within a few months to align with India's festive sales season and prepare for a domestic public listing as early as 2026. The relocation followed board approval in April and was initiated simultaneously in India and Singapore about two and a half months ago. Several other startups and fintech firms have also redomiciled while preparing Indian IPOs.
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