Razorpay Completes Its Reverse Flip Process

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SUMMARY

As part of the restructuring, Razorpay’s Delaware-based entity has now merged with its Indian subsidiary–Razorpay Software India Pvt Ltd

The startup has not yet revealed how much tax they had to cough up to the US government, but was working on its restructuring process to reduce its tax liability

The development comes over a month after the Bengaluru-based startup changed its legal name to ‘Razorpay Software Limited’

Nearing its initial public offering (IPO)…



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Razorpay Completes Its Reverse Flip Process


SUMMARY

As part of the restructuring, Razorpay’s Delaware-based entity has now merged with its Indian subsidiary–Razorpay Software India Pvt Ltd

The startup has not yet revealed how much tax they had to cough up to the US government, but was working on its restructuring process to reduce its tax liability

The development comes over a month after the Bengaluru-based startup changed its legal name to ‘Razorpay Software Limited’

Nearing its initial public offering (IPO)…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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