Startups flipping to India gain pace in fintech, other segments4 min read 11 May 2023, 11:43 PM IST
Flipkart-backed PhonePe last year decided to domicile in India after paying a billion dollars in tax, and several others, including Razorpay, Groww and Pine Labs, have showed interest in doing so
MUMBAI/NEW DELHI : Several Indian fintech startups domiciled abroad are considering shifting their base to India, investors and startup founders said, as they seek to gain regulators’ confidence and prepare for public markets. Despite the hefty tax bill on such shifting, more sectors such as consumer tech and health tech may consider a similar move in the near future, they said.
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