Flipkart Moves Holding Base to India, Paving Way for Mumbai IPO by 2027
Flipkart has redomiciled its holding company from Singapore to India after securing government approval, a key step towards its planned IPO in Mumbai by March 2027. Walmart acquired a controlling stake in Flipkart in 2018 for $16 billion, and Flipkart’s last valuation stood at $37 billion in 2024 following Google’s $350 million minority investment.
1. Redomiciliation to India
Flipkart has completed the redomiciliation of its holding company from Singapore to India after receiving approval from the Indian government, marking a significant corporate restructuring milestone for the e-commerce firm.
2. Planned Mumbai IPO
The company is targeting a stock market debut in Mumbai before March 2027, though it has yet to finalize the size or valuation of the offering as it prepares regulatory filings and investor roadshows.
3. Walmart's $16 Billion Stake
Walmart acquired a controlling stake in Flipkart in 2018 for $16 billion, integrating the Indian e-commerce leader into its global retail portfolio and leveraging its technology and logistics capabilities.
4. Valuation and Minority Investments
Flipkart was last valued at around $37 billion in 2024, when Alphabet’s Google invested $350 million for a minority stake, underscoring ongoing investor interest ahead of the planned IPO.