Reverse Flipping News Today

Edtech unicorn Eruditus is planning a shift in domicile from Singapore to India, or reverse flipping, and joins the growing list of Indian internet firms — Pine Labs, Udaan, Razorpay and Groww, among others. Eruditus is evaluating a listing on the domestic bourses.

Two of Indias major gaming-focused streaming platforms are eyeing expansion in international markets to take on bigger rivals such as YouTube and Amazons Twitch. This and more in todays Morning Dispatch.

Inc42's latest report reveals that 18% or 20 out of 110 Indian unicorns currently have their headquarters outside India

‘Flipping’ refers to process of transferring entire ownership of Indian entity to entity incorporated abroad along with transfer of key assets such as intellectual property. Resultant structure is Indian company becoming wholly owned subsidiary of foreign company.

Indian Finance Minister Nirmala Sitharaman presented Union Budget of India for FY 2023-24. With India’s current economic growth estimated to be 7%, Budget envisions empowered economy which is technology-driven, knowledge-based with strong public finances.

Indian start-up companies are looking at 'reverse flipping' - not a cricket terminology - with easy access to capital from private equity and venture capitals, changes in rules regarding round tripping, and the growing maturity of India's ...