Hey I am on Medial • 1y
One of the biggest reasons for this is that capital gains tax in India is close to 42%. During secondaries founders get half their money so a place like singapore makes more sense. During IPO everyone will definitely flip back.
Hey I am on Medial • 1y
40% Indian unicorns aren’t actually Indian Razorpay is planning a ‘Bharat 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 ov
See MoreBelieve me, it’s not... • 9m
This year - IPO fundraise has picked up pace with 60 companies listing so far and raising ₹63,985 crore (+29% over 2023). 📄SEBI's report on Investor Behaviour in IPOs is an interesting reveal - - High Flipping Rate: Overall around 54% of IPO shares
See MoreBelieve me, it’s not... • 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 MoreFounder And CEO Of F... • 8m
This Penny Stock "Standard Capital Markets' Share Surges Post Fundraising Completion; Penny Stock Still Under ₹2" "Standard Capital Markets Ltd Gains 4-5% in Early Trade on Thursday After Completing Fundraising; Stock Remains Under ₹2" Penny Stock
See MoreFounder - Burn Finan... • 7d
Ola Electric shared its financial update today this time the company saw a bigger loss around ₹428 crore compared to ₹347 crore during the same time last year even the operating revenue took a hit falling by nearly half this year it came down to ₹828
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