Flipkart has made a big announcement: it is moving its headquarters back to India from Singapore. Considered an effort to reconnect with its origins and core activities in the Indian market, this decision represents a significant strategic change for the e-commerce behemoth.

“This move represents a natural evolution, aligning our holding structure with our core operations, the vast potential of the Indian economy, and our technology and innovation-driven capabilities to foster digital transformation in India,” the firm said.

Flipkart stressed that relocating its headquarters will help it become more focused and agile in order to better serve Indian communities, partners, sellers, and customers. “This move will further improve our focus and agility in serving our customers, sellers, partners, and communities as a company that was born and raised in India. We hope to continue contributing to the country’s expanding digital economy and entrepreneurship.” We reaffirm our long-term faith in India’s future and are thrilled about the prospects that lie ahead,” a corporate representative said.

Furthermore, Flipkart attributed the move in large part to the business-friendly policies of the Indian government. “This strategic choice demonstrates our steadfast and profound commitment to India and its extraordinary development. We are inspired by the Government of India’s strong vision and aggressive measures fostering a vibrant business climate and ease of doing business, have greatly moulded our journey,” the spokesperson added.

Flipkart’s decision reflects the foreigner trend among Indian firms, even if the site is still pending regulatory permission. Stronger local valuations and possible stock market listings have also led companies like Zepto, Groww, and PhonePe to relocate their headquarters back to India.

Flipkart, which was founded in Bengaluru in 2007 by Sachin and Binny Bansal, started off as an online bookshop before branching out into groceries, electronics, and fashion. In order to take advantage of foreign investments and manage regulatory complexities, it relocated its headquarters to Singapore in 2011. A significant turning point for Flipkart and the Indian e-commerce scene was reached in 2018 when Walmart invested $16 billion to purchase a 77% interest. Flipkart’s return to its origins now signifies a resurgence of confidence in India’s developing digital economy.