Razorpay to pay $150 Mn in taxes for reverse flip to India

Razorpay to pay $150M taxes for its India reverse flip, highlighting regulatory costs for domicile shifts. Fintech unicorn Razorpay is expected to incur a tax liability of approximately $150 million (around ₹1,250 crore) as part of its reverse flip, the process of redomiciling its parent entity from the US back to India. This significant tax payment highlights the substantial financial implications and regulatory costs associated with domicile changes for large Indian startups, even as the government encourages such moves to streamline the regulatory landscape and facilitate domestic public listings.