Top start-ups move back domicile to home turf from other countries

FROM PhonePe, Razorpay to Groww and Zepto, many Indian start-ups have moved or initiated to shift their domicile from other countries to India, as they prepare for a public listing here.

- UMA KANNAN @ Bengaluru

FROM PhonePe, Razorpay to Groww and Zepto, many Indian start-ups have moved or initiated to shift their domicile from other countries to India, as they prepare for a public listing here. Called 'Reverse flipping', experts attribute this shift to multiple factors including the country's evolving policy and regulatory environment.

In December last year, fintech unicorn Razorpay said it is shifting domicile from the US to India and that it aims to go public by 2026. According to sources, shifting is in process and that it will take some more time for the company to complete it.