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Razorpay set for confidential IPO filing; valuation may fall to around $5 billionThe fintech startup, last valued at $7.5 billion, is expected to be questioned on growth sustainability and the road to profitability; Walm...
Razorpay eyes IPO; Sarvam's $1.5 billion leapHappy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.
Chinese AI startup StepFun to unwind offshore structure to pave way for IPOShanghai-based StepFun, which develops general-purpose foundation models, has decided an onshore corporate structure would be more appropri...
Going desi in the global age: PhonePe's strategy to expand as an India-centric startupPhonePe, backed by Walmart, focuses on made-in-India products. It launched Indus Appstore and Pincode to compete with Google, Apple, Flipka...
Kreditbee, Khatabook's domicile shift likely to pave way for IPOsValued at $700 million, Kreditbee flipping base to India will set the stage for a domestic initial public offering by the company — the key...
Flipkart, PhonePe on path to profitability: Walmart CFOWalmart CFO David Rainey said ecommerce company Flipkart and PhonePe are on the path to profitability. Flipkart’s losses in the ecommerce s...
Singapore court clears Pine Labs plea to move domicile to IndiaThe approval from Singapore's court paves the way for Peak XV Partners-backed Pine Labs to shift its domicile to India. Multiple other comp...
Evaluating the right time for Flipkart IPO: Walmart International CEODuring Walmart's quarterly analyst call, chief financial officer John David Rainey said that Flipkart grew by double digits for the first q...
Exclusive: Flipkart maps India redux; talks on to shift domicile from SingaporeFlipkart aims to move domicile from Singapore to India for an IPO. Talks gain impetus for largest local consumer internet company to revers...
Groww moves domicile to India from the USIncreasing number of large startups across sectors looking to shift from US, Singapore
ETtech Exclusive | In ‘reverse flip’, Razorpay parent entity plans to return to India from the USThe Y Combinator-backed Razorpay, valued at $7.5 billion, had to necessarily domicile itself in the US, when it raised funds from the Silic...
Exclusive: Big payday for PhonePe founders post Flipkart Esop saleCofounders to receive $20-25 m each by liquidating stock options in erstwhile parent
Economic Survey 2023 suggests tax simplification to accelerate ‘reverse flipping’ of Indian startupsWith easy access to capital, changes in rules regarding round tripping, and the growing maturity of India’s capital markets, startups opera...
ETtech Explainer: why PhonePe investors paid Rs 8,000 crore to shift base to India?Investors of PhonePe had to pay Rs 8,000 crore in taxes to the Indian government after it shifted its domicile from Singapore to India in O...
It cost PhonePe Rs 8,000 crore to come to India, says Sameer NigamNigam said the company faced several challenges during its shift from Singapore to India last October as Indian law poses “certain obstacle...
Walmart paid most of $1 billion tax for PhonePe shifting base to IndiaWalmart bought a controlling stake in Indian ecommerce giant Flipkart in 2018, giving it ownership of PhonePe.
PhonePe shifts headquarters from Singapore to IndiaThe fintech firm has moved businesses and subsidiaries of PhonePe Singapore, including its insurance broking services and wealth broking se...