Flipback Tax: Razorpay restructures to cut levy; Groww pegs tax outgo at $70 million
ETtech.com -

Local startups domiciled abroad are moving swiftly to execute their plan to shift their registered entities to India. Razorpay, the $7.5 billion digital payments firm with its registered office in the US, is the latest among them, and has initiated a restructuring exercise whereby its half-a-dozen India units are being brought under a single local holding company, sources aware of the matter said.All the India units will roll into Razporpay Software India, the sources said. This will also lead...

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