Hey I am on Medialย โขย 1y
40% Indian unicorns arenโt actually Indian Razorpay is planning a โBharat Wapsi' from US that could cost them around $300 in taxes. Today, I wanted to explain the process, Infamously called a "reverse flip". - PhonePe and Zepto might have to pay over $1 BILLION in taxes for their reverse flip. - Groww is still figuring out the best structure. The comeback path involves carefully executing a "share swap" strategy. In simple terms: Shareholders in Razorpayโs US entity would receive proportional shares in the Indian Entity. Then the US Entity would wind down operations. While this might seem strategic to IPO, Razorpay could face a huge tax bill. Even though the concept of unicorns moving back to India to IPO is exciting, it comes with complex challenges of tax and laws. Curious why this is done in the first place?
Founder @StudyFlames...ย โขย 9m
๐ The โDesh Wapsiโ of Indian Startups! ๐ฎ๐ณ Indiaโs biggest startups are coming back home! ๐โก๏ธ๐ฎ๐ณ Whoโs making the move? โ Groww โ PhonePe โ Pepperfry โ Razorpay โ Zepto โ Flipkart Why are they reversing their foreign flip? ๐น Better access t
See MoreSantan social networ...ย โขย 4m
Is there a way around Stripe Payments, since the software I am using only supports Stripe and two other payment gateways and all of them require an American(US) business entity. Being an Indian business entity, how should I use Stripe being in Indi
See MoreBelieve me, itโs not...ย โขย 1y
Indian startups are Reverse Flipping. Many startups incorporate in countries like Singapore, Mauritius, the US (primarily for SaaS), or the Cayman Islands for several reasons: - Ease of doing business - Tax incentives - Better funding opportunities
See MoreThatmoonemojiguy ๐ย โขย 3m
๐ From 66 to 4: What's happening with Y Combinator and Indian Startups? ๐ฎ๐ณ Y Combinator's backing of Indian startups significantly dropped in 2024, and it's a fascinating shift! Here's why: * "Reverse Flipping" Costs: YC's requirement for a U
See MoreChartered Accountantย โขย 1y
GST Thread 2 What GST brings along with it - 1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation Example - If I purchase plastic fr
See MoreExperimenting On lea...ย โขย 3m
Taxes like Remittance Tax can be easily avoided using crypto once Crypto is accepted for basic payments. It's a boon for us and a curse for the government ( the same government who doesn't utilise the taxes efficiently ) What's Your Thought on th
See MorePartner at D P S A &...ย โขย 1y
๐ช๐ต๐ ๐จ๐ป๐ถ๐ฐ๐ผ๐ฟ๐ป๐ ๐ฎ๐ฟ๐ฒ ๐ฆ๐ต๐ถ๐ณ๐๐ถ๐ป๐ด ๐ง๐ต๐ฒ๐ถ๐ฟ ๐๐ผ๐บ๐ถ๐ฐ๐ถ๐น๐ฒ ๐๐ฎ๐ฐ๐ธ ๐๐ผ ๐๐ป๐ฑ๐ถ๐ฎ ?? Recently, unicorn Groww completed its reverse flip, shifting its domicile to India from the U S. accounting for around $60 Mn-$70 Mn (approx. IN
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