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

The Trump administration intends to press India to give online retailers such as Amazon and Walmart full access to its $125bn ecommerce market, as part of a trade deal being negotiated under the threat of increased tariffs.

Flipkart now joins names like Razorpay, Pine Labs, Zepto, and PhonePe in this trend, underscoring a shifting tide in India's maturing tech ecosystem.