WHY ARE UNICORNS TROTTING BACK TO INDIA?
Entrepreneur magazine|August 2023
AT LEAST 20 EXISTING UNICORNS WANT TO COME BACK TO INDIA AND DOMICILE HERE, SAID PHONEPE’S SAMEER NIGAM
S SHANTHI
WHY ARE UNICORNS TROTTING BACK TO INDIA?

In the last few years, we have seen many Indian unicorns and late-stage startups getting headquartered outside India. According to media reports, 24 unicorns either flipped or were incorporated abroad. Crypto and SaaS startups in particular have made the US, Singapore and the UAE their growth havens. The key factors pushing these startups to take the overseas leap are lower corporate tax rate regimes, zero capital gains tax rate, matured IP protection laws, and better regulatory clarity. Even though building for Bharat has been the passion of Indian entrepreneurs, many preferred pursuing that dream from outside India. For many, this allows them to publicly list overseas with higher valuations.

However, the trend seems to be reversing now. Startups are making India their domicile again. It all started in October last year with PhonePe moving its registered entity from Singapore to India. In fact, in January this year, Sameer Nigam, cofounder and CEO, PhonePe even said that at least 20 existing unicorns want to come back to India and domicile here. "They have reached out to us, if regulations get much easier," said Nigam during an YouTube Live Session. Fintech unicorn Razorpay is also moving its parent entity from the US back to India, according to an Economic Times exclusive report. Groww, another fintech unicorn, is also looking to shift, says a report by Entrackr.

GHAR WAPSI

As mentioned above, Indian Unicorns have been relocating their headquarters to Singapore, the UAE, and the US due to the attractive features of these countries, such as lower corporate tax rates, zero capital gains taxes, relaxed regulations, and simplified compliance procedures. Then why the reverse flipping now?

この記事は Entrepreneur magazine の August 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Entrepreneur magazine の August 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

ENTREPRENEUR MAGAZINEのその他の記事すべて表示
How To Ask Family For Money
Entrepreneur magazine

How To Ask Family For Money

Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.

time-read
3 分  |
November 2024
Data Breach Drama: When Trust Turns Costly In A Digital Age
Entrepreneur magazine

Data Breach Drama: When Trust Turns Costly In A Digital Age

Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?

time-read
4 分  |
November 2024
THE TERRAIN TAMER
Entrepreneur magazine

THE TERRAIN TAMER

Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.

time-read
2 分  |
November 2024
THE INTELLIGENT READS
Entrepreneur magazine

THE INTELLIGENT READS

Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.

time-read
1 min  |
November 2024
THE CURSE OF GROWING TOO FAST
Entrepreneur magazine

THE CURSE OF GROWING TOO FAST

FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.

time-read
10+ 分  |
November 2024
There's No Perfect Answer
Entrepreneur magazine

There's No Perfect Answer

I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"

time-read
1 min  |
November 2024
Give Yourself the Gift of Time
Entrepreneur magazine

Give Yourself the Gift of Time

Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.

time-read
2 分  |
November 2024
How to Become a Main Street Millionaire
Entrepreneur magazine

How to Become a Main Street Millionaire

It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.

time-read
5 分  |
November 2024
Want to Better Serve Your Clients? Become Them.
Entrepreneur magazine

Want to Better Serve Your Clients? Become Them.

As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.

time-read
3 分  |
November 2024
How to Succeed With Gen Z Workers
Entrepreneur magazine

How to Succeed With Gen Z Workers

People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.

time-read
2 分  |
November 2024