Groww's decision to return to India resulted in a tax payment of $159.4 million, highlighting a trend among numerous startups relocating for better compliance and IPO facilitation.
With nearly 70 IPOs in the first nine months of 2024, India has become a prime market for public offerings, making it more appealing than subdued U.S. markets.
Analyst coverage potential is a major draw for startups returning to India, enhancing their appeal to institutional investors looking for opportunities in emerging markets.
The shift in domicile reflects a broader trend among Indian startups to comply with local laws and take advantage of opportunities in the growing IPO market.
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