The change is a strategic step towards integrating its holding framework with its principal business activities.

Flipkart will shift its holding company from Singapore to India, the e-commerce company said on Tuesday, as its parent Walmart aims to take the 17-year-old company public. Many Indian startups that once chose to be based abroad for better access to capital and smaller tax bills are now queuing to return home from financial hubs such as Singapore and the U.

Flipkart has grown into a large e-commerce platform that competes directly with Amazon in the market and is planning a public listing.