{"id":879150,"date":"2024-11-21T09:03:15","date_gmt":"2024-11-21T03:33:15","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=879150"},"modified":"2024-11-21T09:03:15","modified_gmt":"2024-11-21T03:33:15","slug":"exclusive-growws-valuation-cut-in-domicile-shift-to-india-razorpay-may-follow","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/21\/exclusive-growws-valuation-cut-in-domicile-shift-to-india-razorpay-may-follow\/","title":{"rendered":"Exclusive: Groww\u2019s valuation cut in domicile shift to India; Razorpay may follow"},"content":{"rendered":"<p>Stockbroking platform Groww, which recently completed the flip back of its parent entity to India from the US, saw its fair market valuation being reduced to under $2 billion during the process, said people aware of the matter. The Bengaluru- based company paid Rs 1,340 crore ($160 million) in taxes to the US government calculated on this newly arrived fair market value (FMV), a cut of more than 30% on the $3 billion it was valued during its last funding in 2021, they said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stockbroking platform Groww, which recently completed the flip back of its parent entity to India from the US, saw its fair market valuation being reduced to under $2 billion during the process, said people aware of the matter. The Bengaluru- based company paid Rs 1,340 crore ($160 million) in taxes to the US government calculated on this newly arrived fair market value (FMV), a cut of more than 30% on the $3 billion it was valued during its last funding in 2021, they said.<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-879150","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/879150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=879150"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/879150\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=879150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=879150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=879150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}