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Many other Indian-origin startups and businesses domiciled overseas, including Flipkart, Udaan and Meesho, are mulling similar ‘reverse flipping’.


While the payments company saw its first full year of profitability in FY26, the real progress will depend on whether it can continue to prove that it’s more than a POS company.
April data suggests the slide may be moderating, even as the UAE accelerates moves to derisk its future.
The e-commerce platform appears to have put on a good show in FY26, outpacing itself on most fronts. However, the margins tell a different story, one that investors should pay close attention to.