CosmicTaco

Flipkart Plans IPO and Shifts Base to India

CosmicTaco · 2024-12-09T10:42:37.324901+05:30

- Flipkart, valued at $36 billion, aims for an IPO by 2025-26 and will shift its domicile from Singapore to India. - This move follows successful listings by other consumer internet firms and aligns with Flipkart's long-term market strategy. - Walmart, owning 81% of Flipkart, remains confident, viewing the IPO as crucial for the platform's growth. Source: [Business Standard](https://www.business-standard.com/markets/ipo/flipkart-plans-ipo-within-12-15-months-prepares-to-shift-base-to-india-124120900177_1.html)

Flipkart, valued at $36 billion, aims for an IPO by 2025-26 and will shift its domicile from Singapore to India.
This move follows successful listings by other consumer internet firms and aligns with Flipkart's long-term market strategy.
Walmart, owning 81% of Flipkart, remains confident, viewing the IPO as crucial for the platform's growth.

Source: Business Standard