Startups' reverse-flip plans taking a pause amid valuation reset, tax worry

Indian startups are slowing plans to reverse flip back to India as valuation resets, tax uncertainty and stronger US ...
inc42

Groww Sees 30% Valuation Cut In Reverse Flip Move: Report

Fintech unicorn Groww has completed its reverse flip, shifting its domicile to India from the US in May Groww paid $160 Mn in taxes to the US government, which would indicate a 30% lower valuation ...
inc42

MCA Floats New Rules, Exempts Startups Looking To Reverse Flip From NCLT Nod

The rules, which come into effect from September 17, mandate RBI’s approval for such mergers or amalgamations, besides the government’s approval The MCA notification now effectively clears the air ...
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Fast-track approval for startups’ reverse flip; quick comm’s Diwali gifts

The government has eased the approval process for startups looking to shift their base back to India. Details on this and more in today’s ETtech Top 5. Also in this letter: Purplle FY24 earnings ...
Reuters

India regulatory reform could hasten homecoming of IPO-bound startups

Time to 'reverse flip' reduced to about 3-4 months from at least 12-18 months due to rule change Several foreign companies in process of completing merger with Indian subsidiary-sources IPO funds ...