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Flipkart to relocate HQ to India ahead of IPO
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
On Monday, Flipkart said the move “represents a natural evolution, aligning our holding structure with our core operations, the vast potential of the Indian economy.” The e-commerce giant, which started its operations in 2007 in Bengaluru, moved its headquarters to Singapore in 2011 to attract more foreign investments, benefit from tax advantages, and better navigate bureaucratic hurdles and political challenges in India. “As a company born and nurtured in India, this transition will further enhance our focus and agility in serving our customers, sellers, partners, and communities to continue contributing to the nation’s growing digital economy and entrepreneurship,” a Flipkart spokesperson said in a statement.
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