Flipkart completes reverse flip to India
Flipkart, owned by Walmart, has relocated to India from Singapore and plans to go public in FY27. This shows their dedication to the country after a decade of operating overseas. With a gross merchandise value of $30 billion, Flipkart has 500 million customers and 1.6 million sellers. This mirrors a trend of Indian startups returning for domestic listings, with Flipkart being one of the pioneers.