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Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products. [5] [6]
Indian e-commerce giant Flipkart is a subsidiary of American supermarket behemoth Walmart which bought a 77% stake in the company in 2018. This is a rather unusual move as many Indian startups...
Why did Flipkart register in Singapore? One of the most prominent reasons why Flipkart registered in Singapore is the customs duty. Compared to India, Singapore has no export duty and only a limited import duty on products like petroleum, tobacco, etc.
Indian e-commerce giant Flipkart is a subsidiary of American supermarket behemoth Walmart which bought a 77 per cent stake in the company in 2018. This is a rather unusual move as many Indian startups are doing the reverse and prefer to be headquartered in Singapore due to specific reasons.
Shop from Flipkart & leave the product delivery to your doorstep to Singapore with us. Order to get an extra 22% discount (Up to INR 350) on your first order.
Indian e-commerce giant Flipkart has raised another $3.6bn (£2.6bn) ahead of an expected stock market debut. The Walmart-backed company said it will use the money to expand its operations and...
Flipkart is currently in the middle of a $1-billion round, with $600 million committed by Walmart, as disclosed in December. City, Country, Hub Flipkart, Blinkit (then known as Grofers) and Udaan are among top Indian internet startups with parent companies in Singapore.
Flipkart has shored up another US$700 million in its latest round of financing from new and existing investors, and has applied to become a public company in Singapore.
Indian e-commerce giant Flipkart is a subsidiary of American supermarket behemoth Walmart which bought a 77 per cent stake in the company in 2018. This is a rather unusual move as many Indian startups are doing the reverse and prefer to be headquartered in Singapore due to specific reasons.
Why is Flipkart registered in Singapore? The company Flipkart was established in the year 2007 by Sachin Bansal and Binny Bansal. The organization is based in Karnataka, Bangalore in India, but is incorporated in Singapore.