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5 Startups Set to 'Reverse Flip'
Business Standard
|June 04, 2025
A growing trend is emerging in the Indian startup ecosystem, with several companies planning to reverse-flip and list on stock exchanges.
According to a recent report by Bay Capital, around five startups, including InMobi, KreditBee, and Meesho, are in the process of shifting their base from jurisdictions such as Singapore and the US to India, with the goal of going public.
This strategic move is seen as a structural signal of the Indian market's depth and credibility, bolstered by reforms from the Securities and Exchange Board of India (Sebi).
These reforms have enabled the listing of loss-making firms, making it an attractive option for startups, according to Bay Capital.
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