THE REVERSE FLIP trend, which involves startups relocating their headquarters back to India from abroad, is poised to gain significant traction in 2025. Industry experts estimate that 10-12 startups will either complete the process or near its completion in the coming year. This follows the footsteps of notable names like PhonePe, Flipkart, Groww, Razorpay, Meesho, and Zepto, which have already undertaken or initiated reverse flips.
Following this initial cohort, analysts predict a broader wave, with as many as 75-100 startups likely to announce plans to reverse flip. "Around 80% of all flipped startups wish to return to India, but hurdles such as unclear timelines and regulatory permissions from the Reserve Bank of India (RBI) are delaying decisions," said Siddarth Pai, founding partner and CFO at 3one4 Capital.
This story is from the December 26, 2024 edition of Financial Express Pune.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 26, 2024 edition of Financial Express Pune.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
DDF strengthens its Senior Management Team
DF has further strengthened its senior management team with the appointment of eight senior executives across major departments in recent months.
Demerit act by Kohli on Konstas' striking debut
● Indian fined 20% fee for shoulder barge with teenager
The 'global' price factor
Long years of inward-looking policies by govts to blame
China clears world's largest dam in Tibet near India border
INFRA PUSH
Govt Mulls Tax Relief for Middle Class
THE FINANCE MINISTRY did not immediately respond to an email seeking comment.
In a first, EatSure launches multi-restaurant ordering
EATSURE, THE D2C platform of online restaurant company Rebel Foods, on Thursday announced the launch of a new feature allowing users to order from multiple restaurants in one order.
Dhindsa: Talk less, deliver more
IT IS SUCH attention to detail that's helping Blinkit leave the competition behind by a mile.
A weak rupee may jack up import bills
A weakening Indian rupee is expected to increase import costs, particularly for oil and gas, but the impact may be offset by declining oil prices. The impact on other imports, such as coal, smartphones, edible oils, pulses, and fertilizers, varies depending on factors like trade terms, margins, and domestic production.
World Looks at India for Youth Power: PM on Veer Bal Diwas
HIGHLIGHTING HOW YOUTH energy has played a significant role in the country's progress, Prime Minister Narendra Modi said on Thursday that the world looks at India with hope and expectation because of its youth power, which is driving new revolutions.
'Skilled jobs can power urban development'
Panellists discussed how cities can boost employability and create enablers for migrant workers to remain invested at the Lucknow edition of IE Thinc: CITIES series, presented by The Indian Express with Omidyar Network India. The session was moderated by Udit Misra, Associate Editor
