18 April 2024 – KreditBee is now part of a large group of Indian new-age digital companies that are attempting to reverse flip to India, including Groww, Razorpay, Meesho, and Zepto. In an expanded Series D round last month, the lending tech business collected an extra $9.4 million from its current investors.
Lending software firm KreditBee is apparently planning to move its headquarters from Singapore to India in an attempt to join the “Desh Wapsi” bandwagon.
According to sources cited by Entrackr, KreditBee has been developing a strategy to reverse flip back to India for the last several months. According to the story, the business is calculating its tax responsibilities and requesting help from authorities. Inc42 has contacted the Company for a response to the situation. As soon as we get an answer, we will update the article.
Conclusion
The decision to relocate to India would reportedly “smoothen” the startup’s IPO prospects. Prior to this, KreditBee CEO and cofounder Madhusudan Ekambaram said that the company plans to float on the stock exchanges by 2027.
Source:Link
