What is Flipkart? #
Flipkart is an online marketplace that sells a variety of products, including books, electronics, and clothing. The company was founded in 2007 by Sachin Bansal and Binny Bansal, two former Amazon employees. Flipkart is headquartered in Bangalore, India.
The company has been incredibly successful since its launch, and it is now the largest e-commerce company in India. In 2014, Flipkart raised $1 billion in funding from investors including Tiger Global Management and Accel Partners. In 2015, the company acquired Myntra, an online fashion retailer.
Flipkart has faced some criticism in recent years for its alleged involvement in various shady business practices. However, the company continues to be a major force in the Indian e-commerce market.
What are the benefits for Indian businesses to register in Singapore? #
Since its inception in 2007, Indian online retailer Flipkart has been registered in Singapore. This is not uncommon for Indian businesses – in fact, Singapore is one of the most popular destinations for Indian businesses to register. There are many benefits for Indian businesses to register in Singapore, including:
1. Access to a larger pool of foreign capital – When a business is registered in Singapore, it has access to a larger pool of foreign capital. This is because investors feel more confident investing in a business that is registered in a reputable jurisdiction like Singapore.
2. Easier to set up business operations – Setting up business operations in India can be very challenging, due to the complex and bureaucratic nature of the process. However, registering in Singapore is much simpler and easier, which makes it an attractive option for businesses looking to expand their operations into India.
3. Foreign investor friendly – The Singapore government is very investor friendly, and will go out of their way to make sure businesses are successful in their respective industries.
Why did Flipkart choose Singapore? #
When it was founded in 2007, Indian e-commerce giant Flipkart was registered in Singapore. This was a strategic decision by the company’s founders, who wanted to take advantage of the country’s business-friendly environment.
Singapore has a simple and efficient tax regime, which has helped Flipkart save millions of dollars over the years. The country is also home to many regional headquarters of multinational corporations, making it easier for Flipkart to raise capital and find talent.
In recent years, however, some India-based startups have chosen to register in India instead of Singapore. This is due to the Indian government’s crackdown on foreign investors and stricter regulations on e-commerce businesses.