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Flipkart 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

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