IPO-bound Flipkart gains key approvals to relocate to India

Flipkart is at the advanced level of protection of regulatory approval to transfer the headquarters from Singapore to India, noticed this transformation later this year, learned TechCrunch, the E-commerce giant, owned by Walmart, prepared for an Indian IPO next year.

This Singapore court has received re -policy approval, when there have been several hearing at the Law Appellate Tribunal (NCLAT), India’s National Organization, who have already reported the matter to TechCrunch. Flipkart is working towards completing this transformation within the next few months, integrating with India’s festive season – a critical sales duration – and to lay the foundation for the expected public list in early 2026.

Following the Flipkart Board, two and a half months ago started the process in India and Singapore Approval of the transfer of its headquarters In April, the people.

In 2022, Walmart-supported phonepay, which was divided from Flipkart at the end of 2022, Its headquarters shifted From Singapore to India. The Fintech Farm filed a secret IPO paper with India’s Market Regulatory, Securitys and Exchange Board of India (SEB) earlier this week. Recent reports are on the phonepay ₹ aim to raise 120 billion (About $ 1.35 billion) through the offer.

Startups, including Jepto and Grodbloo, have transferred their headquarters to India in recent months as they are preparing to be public on Indian stock exchanges. Significantly, have to be set to grrow Become the first Indian startup Listed natively after re -rebuilding from the United States with its IPO expectations later this year.

Flipkart’s shift comes from the headquarters of Singapore one year later Collected $ 350 million from Google About $ 1 billion, which started in 2021, is part of the funds of about $ 1 billion. The company’s most recent investment was priced at $ 36 billion, it became the most valuable startup for taking a rebuilding process.

Flipkart did not respond to the requests for comments.