IndusLaw advised Ribbit Capital on Razorpay’s successful reverse flip, shifting its parent company’s domicile from the United States to India.

The cross-border group restructuring involved the amalgamation of the US-based holding company into its Indian subsidiary, making Razorpay a leading fintech unicorn, as a fully India-domiciled entity.

This marks the first successful reverse flip from the US to India under the fast-track merger mechanism, approved by the Regional Director, Ministry of Corporate Affairs.

IndusLaw Team comprised Partner Winnie Shekhar, Partner Rashi Bharadwaj, Associate Ravin Abhyankar and Associate Chandresh Goyal.

Moreover, Partner Kaushik Mukherjee advised on capital markets-related aspects, while Partner Unnati Agrawal provided advice on competition law.