Flipkart is not exactly a local company. If I'm right, most of their equity is held by a singaporean holding company. There's also this aspect that a loss-mak

Flipkart is not exactly a local company. If I'm right, most of their equity is held by a singaporean holding company. There's also this aspect that a loss-making company cannot go public in India, so Flipkart have structured themselves to IPO elsewhere.