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Flipkart, u Walmart-project Indian Start E-Commerce that The Amazon Shooting in Asian Marketer, is prepared to move his seat of his seat in India from Singapore as the company prepare to file for a iPO On the Indian exchanges.
Monday, Flipkart said “represents a natural evolution, affecting our holding up with us of our heart operation.”
GIANT OF E-commit, that has started their operations in the 2007 in Girlfriends of Singapore in 2011 for the more tabs attractions, and the best salts and the most purercraft challenges
“As a born and people’s company in India, this transaction will also be late and agility to serve our clients in the nation. A flipkart is told in a statement.
The accommodation is subject to needed approval, the ini startup said, without disclosing a specfine specel. However, flipkart is expected to file for an IPO in the country in a while later.
In the 2022, Walmart-Backed Phonepe, which split from flipkart at the end 2022, they moved their headquarters to India by Singapore. Many other startups, including Zepto and it I believeI am also transking on his seat to India in the last few months as they have pulley listing on Indian exchanges.
Although the market environment of India is not as attractive while you were completed until the end of last yearAs the market goes for some fixes and is impact by macro conditions. Ipap made up around $ 19 billion of your Deal $ Billion Equity reaches in India last year, with 11 $ 500 million price Report by Goldman Sachs.
However, investors are optimistic about the growth potential in the Indian market, as many companies are waiting to go public this year and next.
“The ability of the establishment of the unique uniquely hits the unique shelter that they thought to go to the public in India,” said to India of India Banking in Goldman
The last move from Flipkart also comes nearly a year Grow $ 350 million from Google As part of a funding nearly $ 1 billion of 32 $. Startup is rated to $ 36 billion in the last investment.
