Flipkart Gets Nod to Shift HQ Back to India Ahead of Potential 2026 IPO

Flipkart Gets Nod to Shift HQ Back to India Ahead of Potential 2026 IPO

Introduction

E-commerce giant Flipkart has reportedly received in-principle approval from a Singapore court to reverse flip its headquarters back to India. This development is seen as a crucial step towards Flipkart's plans to go public.

Factual Background

Flipkart is reportedly targeting a public listing as early as 2026. The company's B2C arm, Flipkart Internet, reported an operating revenue of INR 20,493 crore in FY25, up 14.4% from INR 17,907 crore in FY24.

Procedural Background

The National Company Law Appellate Tribunal (NCLAT) has held multiple hearings on Flipkart's reverse flip petition. The tribunal's approval is crucial for Flipkart's plans to restructure its headquarters.

Key Highlights

In-Principle Approval: Flipkart has received in-principle approval from a Singapore court to reverse flip its headquarters to India.

• IPO Plans: Flipkart is reportedly targeting a public listing as early as 2026.
• Financial Performance: Flipkart Internet reported an operating revenue of INR 20,493 crore in FY25, up 14.4% from INR 17,907 crore in FY24.
• Reduced Cash Burn: The company reduced its net losses by 37% to INR 1,494 crore in FY25, compared to INR 2,359 crore in the previous fiscal.

Implications

The approval of Flipkart's reverse flip petition is expected to have significant implications for the company's future plans, including its IPO. The restructuring of its headquarters to India could also impact its business operations and financial performance.

Conclusion

Flipkart's receipt of in-principle approval for its reverse flip to India is a significant development in the company's journey towards going public. The company's financial performance and growth prospects will likely play a crucial role in its IPO plans.