{"id":364,"date":"2025-06-27T16:49:03","date_gmt":"2025-06-27T16:49:03","guid":{"rendered":"https:\/\/www.cashweta.co.in\/blog\/?p=364"},"modified":"2025-06-27T16:49:04","modified_gmt":"2025-06-27T16:49:04","slug":"flipkart-tax-strategy","status":"publish","type":"post","link":"https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/","title":{"rendered":"Case Study: The Tax Strategy Behind Flipkart\u2019s Global Funding Structure"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1536\" height=\"1024\" src=\"https:\/\/www.cashweta.co.in\/blog\/wp-content\/uploads\/2025\/06\/image-48.png\" alt=\"\" class=\"wp-image-365\" srcset=\"https:\/\/www.cashweta.co.in\/blog\/wp-content\/uploads\/2025\/06\/image-48.png 1536w, https:\/\/www.cashweta.co.in\/blog\/wp-content\/uploads\/2025\/06\/image-48-300x200.png 300w\" sizes=\"auto, (max-width: 1536px) 100vw, 1536px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Introduction<\/h3>\n\n\n\n<p>When Flipkart launched in 2007, it was a modest online bookstore. Today, it is one of India\u2019s biggest e-commerce giants. While its growth story is well known, what\u2019s often missed is the <strong>strategic tax and funding structure<\/strong> that supported its meteoric rise. Flipkart\u2019s structure involved global entities, tax treaties, and strategic exits \u2014 all backed by robust legal planning.<br>In this blog, we break down <strong>how the Flipkart tax strategy was designed<\/strong>, how it evolved during key funding rounds, and what startups in India can learn from this approach.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The Basic Framework: Why Flipkart Used Singapore<\/h3>\n\n\n\n<p>Flipkart\u2019s <strong>holding company was not registered in India<\/strong>. Instead, Flipkart Pte Ltd was incorporated in <strong>Singapore<\/strong>, which allowed them to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Attract foreign investors easily<\/strong> due to favorable FDI norms.<\/li>\n\n\n\n<li><strong>Leverage Double Tax Avoidance Agreements (DTAA)<\/strong> Singapore enjoys with India and other countries.<\/li>\n\n\n\n<li><strong>Lower corporate tax rates<\/strong> (Singapore corporate tax ~17% vs. India\u2019s ~25\u201330%).<\/li>\n<\/ul>\n\n\n\n<p>This is a common move by many Indian unicorns (e.g., PhonePe, Byju\u2019s earlier) who aim for <strong>global investor access<\/strong> and <strong>flexible repatriation of profits<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Flipkart\u2019s Layered Entity Structure<\/h3>\n\n\n\n<p>Here\u2019s how the structure roughly looked (simplified):<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Flipkart Pvt Ltd (Singapore)<\/strong> \u2013 Holding company\n<ul class=\"wp-block-list\">\n<li>Owns 100% of <strong>Flipkart India Pvt Ltd<\/strong> \u2013 India operations<\/li>\n\n\n\n<li>Other subsidiaries: PhonePe, Myntra, eKart Logistics, etc.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>Investments were made in the <strong>Singapore parent<\/strong>, not in the Indian entity directly. This provided two benefits:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Exit Tax Efficiency:<\/strong> Selling shares of Flipkart Singapore was more tax-efficient for foreign investors.<\/li>\n\n\n\n<li><strong>No direct capital gains tax in India<\/strong> if proper DTAA structures were followed (especially pre-GAAR implementation in India).<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">Taxation Angle: Mauritius &amp; Singapore Treaty Benefits<\/h3>\n\n\n\n<p>Initially, many foreign VC investors in Flipkart (Accel, Tiger Global, Naspers) routed their investments through <strong>Mauritius and Singapore<\/strong> entities. Before 2017, India\u2019s tax treaties allowed:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>No capital gains tax<\/strong> on sale of shares if investment was routed via Mauritius or Singapore, and conditions under LOB (Limitation of Benefits) were met.<\/li>\n<\/ul>\n\n\n\n<p>This allowed large investors to <strong>exit without triggering Indian capital gains tax<\/strong>, which was vital in rounds like:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>2014: Flipkart raised $1B+ from Tiger Global, Accel, DST, and others.<\/li>\n\n\n\n<li>2017: Tencent, eBay, and Microsoft invested ~$1.4B.<\/li>\n<\/ul>\n\n\n\n<p>Even during Walmart\u2019s acquisition in 2018, where it purchased ~77% stake in Flipkart for $16B, <strong>several investors were able to exit tax-efficiently<\/strong> because their stakes were held via offshore entities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Flipkart vs Vodafone \u2013 GAAR Comes In<\/h3>\n\n\n\n<p>India introduced <strong>GAAR (General Anti-Avoidance Rules)<\/strong> from 2017\u201318 to tackle \u201caggressive tax avoidance\u201d. Unlike Vodafone\u2019s case (which faced retro tax action), Flipkart and its investors <strong>acted before GAAR<\/strong> became effective.<\/p>\n\n\n\n<p>Walmart\u2019s acquisition took place after GAAR\u2019s implementation but was structured via share purchase of the <strong>Singapore holding company<\/strong>. Since Flipkart Singapore was a real, operating entity with economic substance, and not a shell company, GAAR did not hit the deal.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Key Point:<\/strong> Flipkart had enough <strong>substance in Singapore<\/strong> \u2014 local employees, operations, and filings \u2014 which made its structure sustainable from a tax perspective.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Exit Strategy: How Investors Cashed Out<\/h3>\n\n\n\n<p>During Walmart\u2019s buyout:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>SoftBank, Naspers, and Tiger Global<\/strong> were among major sellers.<\/li>\n\n\n\n<li>Shares were sold at Singapore level, avoiding direct Indian capital gains tax.<\/li>\n\n\n\n<li><strong>Indirect transfer provisions<\/strong> under Indian tax laws (introduced in 2012) were technically applicable but <strong>no tax liability<\/strong> arose as per tax advisers involved, thanks to treaty compliance and timing.<\/li>\n<\/ul>\n\n\n\n<p>This showed how <strong>solid legal planning + international structuring = tax-efficient exits<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Lessons for Indian Startups<\/h3>\n\n\n\n<p>Here\u2019s what emerging startups can learn from Flipkart\u2019s structure:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Area<\/th><th>Lesson<\/th><\/tr><\/thead><tbody><tr><td><strong>Entity Setup<\/strong><\/td><td>Consider offshore setup (Singapore, Delaware) for FDI<\/td><\/tr><tr><td><strong>Tax Treaty Use<\/strong><\/td><td>Use DTAA strategically but ensure economic substance<\/td><\/tr><tr><td><strong>Exit Planning<\/strong><\/td><td>Plan exits early \u2014 structuring affects future taxation<\/td><\/tr><tr><td><strong>GAAR Compliance<\/strong><\/td><td>Avoid shell setups \u2014 always show business activity<\/td><\/tr><tr><td><strong>Professional Advice<\/strong><\/td><td>Work with experienced Chartered Accountants and lawyers<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Risks &amp; Controversies<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Flipkart faced scrutiny from Indian tax authorities, particularly for <strong>under-invoicing of goods<\/strong> between its entities.<\/li>\n\n\n\n<li>The company had to restructure its <strong>inventory-led model<\/strong> to comply with FDI e-commerce rules in India.<\/li>\n\n\n\n<li>India is slowly moving towards <strong>equalisation levy and digital tax<\/strong> to tackle such offshore models.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Final Thoughts<\/h3>\n\n\n\n<p>Flipkart\u2019s story is not just a business success \u2014 it\u2019s also a <strong>masterclass in international tax strategy<\/strong>. With careful planning, startups can <strong>access global capital, ensure tax efficiency, and prepare for smooth exits<\/strong>.<\/p>\n\n\n\n<p>However, with tightening global tax norms (BEPS, OECD Pillars, GAAR, etc.), it\u2019s crucial to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Avoid \u201caggressive avoidance\u201d<\/li>\n\n\n\n<li>Ensure substance in offshore entities<\/li>\n\n\n\n<li>Be transparent with regulators<\/li>\n<\/ul>\n\n\n\n<p>Work with experts like <strong>Makwana Sweta &amp; Associates<\/strong>, a trusted <strong>CA in Mumbai<\/strong>, to ensure your startup scales <strong>legally and tax-efficiently<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Useful Links<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Inbound Link:<\/strong> <a href=\"https:\/\/www.cashweta.co.in\/\">Our Startup Advisory Services<\/a><\/li>\n\n\n\n<li><strong>Outbound Link:<\/strong> <a href=\"https:\/\/www.oecd.org\/en\/topics\/policy-issues\/base-erosion-and-profit-shifting-beps.html\">OECD on BEPS and International Tax Planning<\/a><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction When Flipkart launched in 2007, it was a modest online bookstore. Today, it is one of India\u2019s biggest e-commerce giants. While its growth story is well known, what\u2019s often missed is the strategic tax and funding structure that supported its meteoric rise. Flipkart\u2019s structure involved global entities, tax treaties, and strategic exits \u2014 all &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,34,26],"tags":[28,32,25],"class_list":["post-364","post","type-post","status-publish","format-standard","hentry","category-chartered-accountant","category-tax-consultants","category-virtual-cfo","tag-best-virtual-cfo-services","tag-chartered-accountant-in-mumbai","tag-tax-consultants-in-mumbai"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Flipkart Tax Strategy - Case Study - cashweta<\/title>\n<meta name=\"description\" content=\"Learn how India\u2019s unicorn leveraged international structures and treaties to attract global capital. A case study on Flipkart tax strategy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flipkart Tax Strategy - Case Study - cashweta\" \/>\n<meta property=\"og:description\" content=\"Learn how India\u2019s unicorn leveraged international structures and treaties to attract global capital. A case study on Flipkart tax strategy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/\" \/>\n<meta property=\"og:site_name\" content=\"cashweta\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-27T16:49:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-27T16:49:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cashweta.co.in\/blog\/wp-content\/uploads\/2025\/06\/image-48.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/flipkart-tax-strategy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/flipkart-tax-strategy\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/#\\\/schema\\\/person\\\/b460d7f5a24bcd88e674718cc990fa16\"},\"headline\":\"Case Study: The Tax Strategy Behind Flipkart\u2019s Global Funding Structure\",\"datePublished\":\"2025-06-27T16:49:03+00:00\",\"dateModified\":\"2025-06-27T16:49:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/flipkart-tax-strategy\\\/\"},\"wordCount\":773,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/flipkart-tax-strategy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/image-48.png\",\"keywords\":[\"best Virtual CFO Services\",\"Chartered Accountant in Mumbai\",\"Tax Consultants in Mumbai\"],\"articleSection\":[\"Chartered Accountant\",\"Tax Consultants\",\"Virtual CFO\"],\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/flipkart-tax-strategy\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/flipkart-tax-strategy\\\/\",\"url\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/flipkart-tax-strategy\\\/\",\"name\":\"Flipkart Tax Strategy - Case Study - cashweta\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/flipkart-tax-strategy\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/flipkart-tax-strategy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/image-48.png\",\"datePublished\":\"2025-06-27T16:49:03+00:00\",\"dateModified\":\"2025-06-27T16:49:04+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/#\\\/schema\\\/person\\\/b460d7f5a24bcd88e674718cc990fa16\"},\"description\":\"Learn how India\u2019s unicorn leveraged international structures and treaties to attract global capital. A case study on Flipkart tax strategy.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/flipkart-tax-strategy\\\/#breadcrumb\"},\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/flipkart-tax-strategy\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/flipkart-tax-strategy\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/image-48.png\",\"contentUrl\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/image-48.png\",\"width\":1536,\"height\":1024},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/flipkart-tax-strategy\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Case Study: The Tax Strategy Behind Flipkart\u2019s Global Funding Structure\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/\",\"name\":\"cashweta\",\"description\":\"CA Firm in Mumbai\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/#\\\/schema\\\/person\\\/b460d7f5a24bcd88e674718cc990fa16\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/03db206fb12eb5796344e2fa99a3ff4de31fc2fc54b26774a00172d557d87caf?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/03db206fb12eb5796344e2fa99a3ff4de31fc2fc54b26774a00172d557d87caf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/03db206fb12eb5796344e2fa99a3ff4de31fc2fc54b26774a00172d557d87caf?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\\\/\\\/www.cashweta.co.in\\\/blog\"],\"url\":\"https:\\\/\\\/www.cashweta.co.in\\\/blog\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Flipkart Tax Strategy - Case Study - cashweta","description":"Learn how India\u2019s unicorn leveraged international structures and treaties to attract global capital. A case study on Flipkart tax strategy.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/","og_locale":"en_US","og_type":"article","og_title":"Flipkart Tax Strategy - Case Study - cashweta","og_description":"Learn how India\u2019s unicorn leveraged international structures and treaties to attract global capital. A case study on Flipkart tax strategy.","og_url":"https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/","og_site_name":"cashweta","article_published_time":"2025-06-27T16:49:03+00:00","article_modified_time":"2025-06-27T16:49:04+00:00","og_image":[{"width":1536,"height":1024,"url":"https:\/\/www.cashweta.co.in\/blog\/wp-content\/uploads\/2025\/06\/image-48.png","type":"image\/png"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/#article","isPartOf":{"@id":"https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/"},"author":{"name":"admin","@id":"https:\/\/www.cashweta.co.in\/blog\/#\/schema\/person\/b460d7f5a24bcd88e674718cc990fa16"},"headline":"Case Study: The Tax Strategy Behind Flipkart\u2019s Global Funding Structure","datePublished":"2025-06-27T16:49:03+00:00","dateModified":"2025-06-27T16:49:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/"},"wordCount":773,"commentCount":0,"image":{"@id":"https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cashweta.co.in\/blog\/wp-content\/uploads\/2025\/06\/image-48.png","keywords":["best Virtual CFO Services","Chartered Accountant in Mumbai","Tax Consultants in Mumbai"],"articleSection":["Chartered Accountant","Tax Consultants","Virtual CFO"],"inLanguage":"en","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/","url":"https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/","name":"Flipkart Tax Strategy - Case Study - cashweta","isPartOf":{"@id":"https:\/\/www.cashweta.co.in\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/#primaryimage"},"image":{"@id":"https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cashweta.co.in\/blog\/wp-content\/uploads\/2025\/06\/image-48.png","datePublished":"2025-06-27T16:49:03+00:00","dateModified":"2025-06-27T16:49:04+00:00","author":{"@id":"https:\/\/www.cashweta.co.in\/blog\/#\/schema\/person\/b460d7f5a24bcd88e674718cc990fa16"},"description":"Learn how India\u2019s unicorn leveraged international structures and treaties to attract global capital. A case study on Flipkart tax strategy.","breadcrumb":{"@id":"https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/"]}]},{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/#primaryimage","url":"https:\/\/www.cashweta.co.in\/blog\/wp-content\/uploads\/2025\/06\/image-48.png","contentUrl":"https:\/\/www.cashweta.co.in\/blog\/wp-content\/uploads\/2025\/06\/image-48.png","width":1536,"height":1024},{"@type":"BreadcrumbList","@id":"https:\/\/www.cashweta.co.in\/blog\/flipkart-tax-strategy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cashweta.co.in\/blog\/"},{"@type":"ListItem","position":2,"name":"Case Study: The Tax Strategy Behind Flipkart\u2019s Global Funding Structure"}]},{"@type":"WebSite","@id":"https:\/\/www.cashweta.co.in\/blog\/#website","url":"https:\/\/www.cashweta.co.in\/blog\/","name":"cashweta","description":"CA Firm in Mumbai","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cashweta.co.in\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en"},{"@type":"Person","@id":"https:\/\/www.cashweta.co.in\/blog\/#\/schema\/person\/b460d7f5a24bcd88e674718cc990fa16","name":"admin","image":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/secure.gravatar.com\/avatar\/03db206fb12eb5796344e2fa99a3ff4de31fc2fc54b26774a00172d557d87caf?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/03db206fb12eb5796344e2fa99a3ff4de31fc2fc54b26774a00172d557d87caf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/03db206fb12eb5796344e2fa99a3ff4de31fc2fc54b26774a00172d557d87caf?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/www.cashweta.co.in\/blog"],"url":"https:\/\/www.cashweta.co.in\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.cashweta.co.in\/blog\/wp-json\/wp\/v2\/posts\/364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashweta.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashweta.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashweta.co.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashweta.co.in\/blog\/wp-json\/wp\/v2\/comments?post=364"}],"version-history":[{"count":1,"href":"https:\/\/www.cashweta.co.in\/blog\/wp-json\/wp\/v2\/posts\/364\/revisions"}],"predecessor-version":[{"id":366,"href":"https:\/\/www.cashweta.co.in\/blog\/wp-json\/wp\/v2\/posts\/364\/revisions\/366"}],"wp:attachment":[{"href":"https:\/\/www.cashweta.co.in\/blog\/wp-json\/wp\/v2\/media?parent=364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashweta.co.in\/blog\/wp-json\/wp\/v2\/categories?post=364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashweta.co.in\/blog\/wp-json\/wp\/v2\/tags?post=364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}