Tech
Flipkart’s board clears plan for ecommerce firm’s reverse flip to India
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The board of India’s largest ecommerce marketplace, Flipkart, has approved the plan to shift its domicile from Singapore to India, as per people in the know. This comes ahead of the Walmart-owned company’s plans to tap the Indian capital markets by 2026.
“Flipkart’s board has approved the plan to flip back when they met last week in Singapore…the process will now kick off,” a person in the know said.
Among the most anticipated share sales by a new-age company, Flipkart’s listing will mark a significant milestone for India’s startup…
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