<ul><li>Fintech major Razorpay has completed the reverse flip to merge its Delaware-registered parent entity with its Indian subsidiary, Razorpay Software India Pvt Ltd, as part of its IPO preparation.</li><li>The move signifies a pivotal milestone in Razorpay's journey, as stated by Shashank Kumar, the cofounder and managing director of the company.</li><li>This step follows the startup's recent conversion into a public company and renaming to 'Razorpay Software Limited' from 'Razorpay Software Private Limited.'</li><li>The domicile shift aims to reduce tax liability to the US government, with estimates suggesting a potential decrease from $250-300 Mn to $200 Mn after consolidating under Razorpay Software India.</li></ul>

With IPO On The Cards, Razorpay Moves Domicile To India

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