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Groww pays $160M tax as it returns to India amid a startup relocation wave
Indian stock trading and mutual fund startup Groww paid $159.4 million in taxes as it shifted its domicile from the U.S. back to India, the company said
Indian stock trading and mutual fund startup Groww paid $159.4 million in taxes as it shifted its domicile from the U.S. back to India, the company said in a statement on Monday. One key reason for the influx of startups returning to India is the potential for better analyst coverage, even for companies valued below $2 billion. Hundreds of Indian startups — many of them backed by accelerator Y Combinator — chose to base their headquarters in the U.S. in the past decade.
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