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Why Indian Startups Are Expanding Operations Abroad — While Staying Headquartered at Home

Are Indian startups moving their headquarters abroad in 2025? No — if anything, the dominant 2025 trend runs the opposite direction. Startups including Zepto, Meesho, PhonePe, Razorpay, and Pine Labs have completed or announced “reverse flips,” relocating their legal domicile from Singapore, Delaware, or the Cayman Islands back to India, largely to position for domestic […]