Why majority of Indian startups are in a rush to relocate to Singapore

When online grocery seller Grofers shifted its headquarters to Singapore in the first week of October, it became the latest to join a exodus of Indian startups that are leaving for a better environment for fund-raising and doing business in.

The process works in the way that such startups retain their operations in India, along with the vast majority of its employees, but move their headquarters out. In Singapore, Asia’s financial capital, they get access to a more developed eco-system of startup funding, including the chance to get higher valuations if they go for a public offering. E-commerce major Flipkart, which has raised $3.15 billion in funding, is rumored to be planning an IPO next year and was among the first to move out.

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