Reverse Flipping: Why India's Startups Are Paying Crores to Come Home

Reverse flipping = moving a startup's holding company from the US/Singapore back to India before an IPO.

Groww reportedly paid around Rs 1,340 crore in tax just to shift its domicile home.

India's fast-track merger route now lets a foreign parent fold into its Indian arm without NCLT.

The trigger is listing: SEBI rules effectively require an Indian-domiciled parent for a desi IPO.

The catch: redomiciling can crystallise capital gains tax, so the move is expensive and one-way.

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