Indian e-commerce giant Flipkart has moved its headquarters back to India from Singapore as it prepares for a potential IPO in the coming months.

The relocation comes more than a decade after Flipkart moved its headquarters overseas. The company is targeting a stock market debut in India in the financial year ending March 2027, people familiar with the company told TechCrunch.

Walmart-owned Flipkart’s IPO plans come as the country’s e-commerce market expands rapidly, thanks to a growing internet user base that’s already crossed a billion subscribers. The relocation mirrors a broader trend of Indian startups, including Zepto and Groww , relocating their overseas holding structures back home in recent years as they seek to go public. Groww went public last year , while Zepto filed confidentially for an IPO in December .

Flipkart’s gross merchandise value reached about $30 billion in 2025, sources told TechCrunch, up from roughly $23 billion in 2021 .…