The $36 Bn Ecommerce Giant Gears Up

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Flipkart is taking a reverse flip to shift its domicile from Singapore to Gurugram. As it makes a fresh push to go public, the company has lined up a host of other changes that were crucial to meet the regulatory guidelines for foraying into the Indian capital market. 

The $36 Bn ecommerce giant dusted off its IPO dream after parent Walmart last year gave it the go-ahead to list in the next 12-18 months. Flipkart went on to restructure its board and the leadership to make its mega IPO boom. It is, however, yet to accelerate its cost-cutting…



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The $36 Bn Ecommerce Giant Gears Up


Flipkart is taking a reverse flip to shift its domicile from Singapore to Gurugram. As it makes a fresh push to go public, the company has lined up a host of other changes that were crucial to meet the regulatory guidelines for foraying into the Indian capital market. 

The $36 Bn ecommerce giant dusted off its IPO dream after parent Walmart last year gave it the go-ahead to list in the next 12-18 months. Flipkart went on to restructure its board and the leadership to make its mega IPO boom. It is, however, yet to accelerate its cost-cutting…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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