Indian founders are increasingly incorporating their startups in the West or Singapore for easier fundraising.Snapdeal co-founder Kunal Bahl advocates for Indian startups to be incorporated domestically.Recent government initiatives in India like the abolition of angel tax support domestic incorporation.Zepto, Groww, Flipkart, Meesho, Pine Labs, and PhonePe are examples of startups moving back or planning to move back to India.Akash Aggarwal highlights that IPO subscriptions are mainly from Indian investors, signaling a positive market outlook.The DPIIT recognition system offers benefits like tax exemptions to domestically incorporated startups.Challenges highlighted include bureaucratic hurdles and poor infrastructure for startups in India.Zeta becomes India's newest unicorn in February 2025 with a $2 billion valuation.While early-stage funding in AI startups has reduced, significant funding is available for promising Indian-incorporated startups.At least 60 companies are expected to seek exits through IPOs, mergers, or acquisitions in the second half of 2025 and 2026.