Flipkart, the Walmart-owned Indian e-commerce startup that closely fights Amazon in the South Asian market, is preparing to shift its headquarters back to

The redomiciling, while symbolic, also holds significant operational and regulatory advantages—especially as Flipkart looks to go public in the coming years. Although the company hasn’t announced a timeline for the shift or the IPO, this move indicates a clear direction: aligning its legal base with its operational heartbeat—India.

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.