Why Are Startups Shifting Their Bases Back To India Eruditus is the latest unicorn to plan a reverse flip, according to a news report

Edtech unicorn Eruditus plans to return to India and list itself on the India Stock Exchange in the coming years. The company is in talks with two of the four big firms to streamline shifting its base. Eruditus is backed by marquee investors and has raised US$585 million in primary capital. The edtech company’s revenue has grown significantly. Reverse flipping back to India has become a trend among startups, allowing them to access the vast consumer base and improve their strategic planning. The Indian government’s efforts to offer a better business environment and the opening up of the Indian IPO market are attracting companies to domicile in India.