Edtech Unicorn Eruditus Mulls Reverse Flipping To India Ahead Of Potential IPO

Edtech Unicorn Eruditus Mulls Reverse Flipping To India Ahead Of Potential IPO

SUMMARY

The SoftBank-backed startup intends to list itself on the India stock exchange – BSE or NSE in the coming years, hence the shift in its domicile

The startup is in discussion with two of the four big firms to streamline the process of shifting its base

Last week, LivSpace said that it intends to shift its domicile to India ahead of its IPO in 2025

Singapore-based edtech startup, Eruditus, has now joined the growing list of Indian startups who are mulling reverse flipping or shifting the parent company’s registration back to India. The SoftBank-backed startup aims to list itself on the India stock exchange BSE or NSE in the coming years and is planning to redomicile its headquarters ahead of a potential initial public offering.

According to an ET report, the startup is in discussion with two of the four big firms – Deloitte, Ernst & Young, KPMG and PwC –  to streamline the process of shifting its base.

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