TechCrunch
Groww joins the first wave of Indian startups moving domiciles back home from US
Groww, an Indian investment app, has become one of the first startups from the country to shift its domicile back to India from the U.S., signaling a broader trend among the local startup community. The Bengaluru-headquartered startup, which allows consumers to buy shares and mutual funds, made the transition in March, its co-founder and chief executive, Lalit Keshre, wrote in a post on X. A growing number of Indian startups, particularly in the fintech sector, are preparing to relocate their overseas holding entities to India in a bid to align with evolving local regulations, and to pursue domestic stock listings.
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