Flipkart will shift its holding company from Singapore to India, the e-commerce company said on Tuesday, as its parent Walmart aims to take the 17-year-old company public. Many Indian startups that once chose to be based abroad for better access to capital and smaller tax bills are now queuing to return home from financial hubs such as Singapore and the U.

While the approval for the transfer is still pending, the move reflects a trend as other Indian businesses like Zepto, Groww and PhonePe relocate their headquarters back to India

Discover why Flipkart plans to shift from its Singapore base back to India. Explore how this strategic move aligns with its upcoming IPO and market trends.