Bengaluru-based fintech unicorn Razorpay began the process of relocating its headquarters from the US to India, amidst a growing trend of startups moving back to the country. This transition aligns with the govt's accelerated efforts to facilitate reverse flipping for Indian companies currently based overseas. This move paves the way for Razorpay to go public by 2026.
Currently, the company is seeking approval from the RBI, which helps reduce the workload on the NCLT. “India understands what Razorpay does. It just made logical sense for us to list in the market where people know us. Flipping comes with a significant cost. But long term we feel it's worth it,” Mathur said.
