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8 Startups to Reverse Flip in '25: Bay Capital

Financial Express Pune

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June 04, 2025

AFTER THE 'GHAR waapsi' of Tiger Global-backed Dream11 from Delaware in March, at least eight more reverse flippings are awaited this year, said Bay Capital in a white paper on India startups, published on Tuesday.

- NESIL STANEY

Among the eight, six firms are from Singapore — Pinelabs, Udaan, Zepto, Flipkart, KreditBee and InMobi —and two are from the US — Razorpay and Meesho.

Some of these startups are keen on getting listed on the Indian bourses.

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