Walmart-backed e-commerce giant Flipkart plans to be listed in India next year with an evaluation of $ 60 billion to $ 70 billion. People aware of the developments say that if the company is successful in this, then it will be considered the largest consumer tech IPO in the history of India. The company operating in India has intensified efforts to move its holding company from Singapore to India so that the process of domestic listing can be easier.
According to sources, the board of Flipkart has approved the process of changing the location of the installation. It is expected to be completed before the IPO arrives within the next 12 to 15 months. The Bangalore company evaluates around $ 36 billion. It has strengthened his board and operations to prepare for listing in recent months.
Specially known to Flipkart’s IPO strategy, an official said, “The transfer of holding company to India is part of Flipkart’s IPO scheme next year. Most of the company’s assets and operations are already in India. All investors (including majority shareholders Walmart are also included as part of this change are expected to be transferred to the Indian unit. ‘
A Flipkart official said about the development on Monday night that this important decision shows the deep and unwavering commitment of the company towards India. However, he did not answer questions related to the company’s IPO schemes.
Flipkart has recently abolished its work-future policy and asked all employees to come to office five days a week and work. The company has around 22,000 employees. The company has asked them to resume full-time attendance in the office.
First Published – April 22, 2025 | 11:12 PM IST
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