
CosmicTaco
10moFlipkart Shifts HQ Back to India for IPO
- Flipkart, a major Indian e-commerce player, plans to move its headquarters from Singapore to India as it gears up for an IPO.
- This strategic move aligns with the company's core operations and the growth potential of India's economy.
- Originally based in Bengaluru, Flipkart relocated to Singapore in 2011 for investment and tax benefits.
- The return to India follows a trend of startups shifting HQs back to gain better market valuations.
- Despite market corrections, investors remain optimistic about the Indian market's growth potential.
Source: TechCrunch
10mo ago

You're early. There are no comments yet.
Be the first to comment.
Discover more
Curated from across