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Razorpay Flips Back, But At What Cost?
Razorpay’s move to redomicile to India ahead of its planned IPO is not going to be cheap. The fintech unicorn is likely to pay nearly $150 Mn (around INR 1,245 Cr) in taxes to Indian authorities and another $250 Mn-$300 Mn to the US government, pushing the total tax liability north of $400 Mn-$450 Mn.
In a bid to reduce this outgo, Razorpay
has consolidated six Indian subsidiaries under a single local holding company. While it hopes to bring down the total tax payout to US authorities to around $200 Mn…
