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Flipback Tax: Razorpay restructures to cut levy; Groww pegs tax outgo at $70 million

Economic TimesEconomic Times · 5m
Flipback Tax: Razorpay restructures to cut levy; Groww pegs tax outgo at $70 million

Indian startups that were originally domiciled abroad are now making moves to shift their registered entities to India. Razorpay, a digital payments firm valued at $7.5 billion, has initiated a restructuring process to bring all of its India units under a single local holding company. This move is expected to reduce the company's tax outgo. Similarly, online stockbroker Groww has completed its domicile shift to India, accounting for around $60-70 million in taxes. Other startups, such as quick-commerce firm Zepto, are also planning to shift their domiciles to India. This trend is driven by the desire to align with regulatory frameworks and potentially prepare for IPOs in India.

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