Flipkart – the Walmart backed e-commerce major — is reportedly considering a proposal to shift its domicile from Singapore to India.

This is a strategic decision to simplify regulatory and operational processes ahead of its much expected initial public offer, which could take shape in the next 12-18 months.

The relocation will allow the company to circumvent the complexities of India’s stringent Foreign Exchange Management Act (FEMA) and the foreign direct investment regulations.

It will also eliminate the rigours of dual oversight from Singapore and Indian authorities, as well as streamline governance and tax structures.

This strategic shift will also pave the way for smoother operations and IPO-related processes, making Flipkart more attractive to investors.

Flipkart did not respond to a query sent by The Telegraph.

Data from Tracxn shows that Flipkart, which had raised $350 million from Google in May as part of its series J funding, was valued at $36 billion.

The company has raised an aggregate of $12.1 billion from 114 investors in 22 funding rounds.

Besides Walmart, which owns 80.8 per cent in Flipkart, some of the marquee investors in the company include Tiger Global Management, GIC, Accel, Tencent, Softbank Vision Fund, Qatar Investment Authority and GIC (Government of Singapore Investment Corporation).

With quick commerce on the rise, the company has also aggressively raised funds, including nearly $1 billion this year, signalling its intent to tap into India’s growing digital economy.

Walmart said in its Q3 2025 earnings call that Flipkart had launched Flipkart Minutes in select cities to offer delivery of groceries and electronics in minutes.

Flipkart’s flagship festive sales event — Big Billion Days — grew in double digits in terms of both topline and customer growth, Walmart added.

Flipkart’s IPO could potentially surpass Hyundai’s 2024 IPO, which valued the company at $19 billion, setting a new benchmark for the Indian market.