TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    amarnath yatra 2025

    No-Fly Zone Declared Over Routes On Amarnath Yatra

    Raja Raghuvanshi Murder: Meghalaya Police Recreates Crime Scene in Cherrapunji

    Raja Raghuvanshi Murder: Meghalaya Police Recreates Crime Scene in Cherrapunji

    FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan

    FATF’s Condemnation of Pahalgam Attack Bolsters India’s Push to Greylist Pakistan

    Exhumation at Tuam Highlights Church-Run Institutional Abuse

    Ireland Digs Up Past: Exhumation at Tuam Highlights Church-Run Institutional Abuse

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    real estate

    US Firms Hit All-Time High in Office Space Leasing Across India: Report

    PM Narendra Modia

    11 Years of Modi Govt: Making Welfare Seamless with Direct Benefit Transfers, DigiLocker, UMANG

    India Ranks 2nd Globally in Social Security Coverage for the Poor, Says ILO

    India Ranks 2nd Globally in Social Security Coverage for the Poor, Says ILO

    real estate

    India Retains Top Spot Among Global Investment Hubs for Land and Development Projects

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    congress leader likens operation sindoor to a computer game

    Congress’ Patole terms Operation Sindoor as ‘Video Game’, Sparks Controversy

    India-Russia Pact on the Su‑57 as a Leap of Strategic Trust

    From Buyer to Partner: What the Su‑57 Means for India’s Military Autonomy Inside Russia’s Su‑57 Gamble with India

    Dassault and Tata to Begin Rafale Fuselage Production in India

    Dassault and Tata to Begin Rafale Fuselage Production in India, Marking Major Milestone in Defence Manufacturing

    Mock Drills Under ‘Operation Shield’ Scheduled Today in Border States and UTs

    Mock Drills Under ‘Operation Shield’ Scheduled Today in Border States and UTs

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Why Trump Said No to Netanyahu Call for Khamenei’s Assassination

    Regime Change in Iran? Netanyahu’s Gamble Meets U.S. Resistance

    Pakistan Army Chief Heckled in U.S.

    Pakistan Army Chief Asif Munir Heckled in U.S. Amid Parade Controversy

    FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan

    FATF’s Condemnation of Pahalgam Attack Bolsters India’s Push to Greylist Pakistan

    A New Chapter in Indo-Canadian Relations: Past Challenges, Future Prospects

    A New Chapter in Indo-Canadian Relations: Past Challenges, Future Prospects

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    jagannath rath yatra

    Everything You Need to Know About Jagannath Rath Yatra: History, Significance, Rituals, and Celebrations

    Bobby Mukkamala Becomes 1st Indian-American President of AMA

    Bobby Mukkamala Becomes First Indian-American President of the American Medical Association

    The Vedic Ethos: A Civilization of Knowledge and Inquiry

    From Rigvedic Wisdom to Modern Decay: How Islamisation Crushed a Knowledge Civilization

    Ram Mandir Pran Pratishtha 2.0

    Thousands Gather in Ayodhya for Ram Darbar Pran Pratishtha Ceremony

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India's quantum leap

    India’s Quantum Leap: DRDO and IIT Delhi Develop Ultra-Secure Communication

    Revolutionizing Indian Agriculture through Digital Intelligence and Data-Led Governance

    Revolutionizing Indian Agriculture through Digital Intelligence and Data-Led Governance

    unhealthy food

    The 10 Most Unhealthy Foods You Might Want to Rethink

    How to Use CBD Oil: Methods, Benefits & Timing (For Humans and Pets)

    How to Use CBD Oil: Methods, Benefits & Timing (For Humans and Pets)

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    amarnath yatra 2025

    No-Fly Zone Declared Over Routes On Amarnath Yatra

    Raja Raghuvanshi Murder: Meghalaya Police Recreates Crime Scene in Cherrapunji

    Raja Raghuvanshi Murder: Meghalaya Police Recreates Crime Scene in Cherrapunji

    FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan

    FATF’s Condemnation of Pahalgam Attack Bolsters India’s Push to Greylist Pakistan

    Exhumation at Tuam Highlights Church-Run Institutional Abuse

    Ireland Digs Up Past: Exhumation at Tuam Highlights Church-Run Institutional Abuse

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    real estate

    US Firms Hit All-Time High in Office Space Leasing Across India: Report

    PM Narendra Modia

    11 Years of Modi Govt: Making Welfare Seamless with Direct Benefit Transfers, DigiLocker, UMANG

    India Ranks 2nd Globally in Social Security Coverage for the Poor, Says ILO

    India Ranks 2nd Globally in Social Security Coverage for the Poor, Says ILO

    real estate

    India Retains Top Spot Among Global Investment Hubs for Land and Development Projects

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    congress leader likens operation sindoor to a computer game

    Congress’ Patole terms Operation Sindoor as ‘Video Game’, Sparks Controversy

    India-Russia Pact on the Su‑57 as a Leap of Strategic Trust

    From Buyer to Partner: What the Su‑57 Means for India’s Military Autonomy Inside Russia’s Su‑57 Gamble with India

    Dassault and Tata to Begin Rafale Fuselage Production in India

    Dassault and Tata to Begin Rafale Fuselage Production in India, Marking Major Milestone in Defence Manufacturing

    Mock Drills Under ‘Operation Shield’ Scheduled Today in Border States and UTs

    Mock Drills Under ‘Operation Shield’ Scheduled Today in Border States and UTs

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Why Trump Said No to Netanyahu Call for Khamenei’s Assassination

    Regime Change in Iran? Netanyahu’s Gamble Meets U.S. Resistance

    Pakistan Army Chief Heckled in U.S.

    Pakistan Army Chief Asif Munir Heckled in U.S. Amid Parade Controversy

    FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan

    FATF’s Condemnation of Pahalgam Attack Bolsters India’s Push to Greylist Pakistan

    A New Chapter in Indo-Canadian Relations: Past Challenges, Future Prospects

    A New Chapter in Indo-Canadian Relations: Past Challenges, Future Prospects

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    jagannath rath yatra

    Everything You Need to Know About Jagannath Rath Yatra: History, Significance, Rituals, and Celebrations

    Bobby Mukkamala Becomes 1st Indian-American President of AMA

    Bobby Mukkamala Becomes First Indian-American President of the American Medical Association

    The Vedic Ethos: A Civilization of Knowledge and Inquiry

    From Rigvedic Wisdom to Modern Decay: How Islamisation Crushed a Knowledge Civilization

    Ram Mandir Pran Pratishtha 2.0

    Thousands Gather in Ayodhya for Ram Darbar Pran Pratishtha Ceremony

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India's quantum leap

    India’s Quantum Leap: DRDO and IIT Delhi Develop Ultra-Secure Communication

    Revolutionizing Indian Agriculture through Digital Intelligence and Data-Led Governance

    Revolutionizing Indian Agriculture through Digital Intelligence and Data-Led Governance

    unhealthy food

    The 10 Most Unhealthy Foods You Might Want to Rethink

    How to Use CBD Oil: Methods, Benefits & Timing (For Humans and Pets)

    How to Use CBD Oil: Methods, Benefits & Timing (For Humans and Pets)

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

Countries like Singapore and the UAE are poaching Indian startups to fill their own coffers

TFI Desk by TFI Desk
18 February 2022
in Trending
Singapore, UAE, India, Indian startup
Share on FacebookShare on X

A few days ago, India banned 54 Chinese for being a threat to national security. The banned apps included Sea Limited’s The Free Fire Game, which was the highest-grossing mobile game in India in the third quarter of 2021, according to industry tracker App Annie. The ban on Singapore-based Sea Limited (owned by China’s Tencent) delivered a 16 billion dollar blow to the company as the company has a very high number of users and significant revenue traction in India.

Not even a day passed from this loss, and the Singapore government started criticizing India. “Nehru’s India has become one where, according to media reports, almost half the MPs in the Lok Sabha have criminal charges pending against them, including charges of rape and murder. Though it is also said that many of these allegations are politically motivated,” said Singapore Prime Minister Lee Hsien Loong.

RelatedPosts

As Islam Turns Liberal in Saudi and UAE, When Will India Break Free from the Walls of Orthodoxy? Trump’s Visit Sparks a Crucial Debate

Singapore Supreme Court strikes down “Copy pasted” arbitral award passed by Former CJI Dipak Misra led tribunal

Rare Watch: Union Minister Piyush Goyal’s ‘Dukandari’ jibe hits Indian Startup ecosystem, stirs fresh debate

Load More

A country like Singapore, which is thriving by poaching Indian startups by illegal means, and is taking the moral high ground on various issues after the Indian government delivered a blow to a company hailing from the tiny country. Singapore is worried that slowly the Indian government put an end to its poaching practices.

In the last few years, India built a thriving Startup ecosystem with support and encouragement from the government and many private companies and individuals. Very few countries have a thriving startup ecosystem such as India and in this aspect, the country is the envy of the world.

However, a new problem is emerging in the Startups ecosystem as a few parasitic nations and jurisdictions like Singapore and Dubai are luring the Indian startups through legal and illegal means. These countries offer negligible tax rates, instant citizenship, and many other perks to startups and their founders in order to encourage them to move out of India.

Many startups have already fallen for that and registered the parent company outside India. So, now that the company starts making a profit, the corporate tax will be paid in these countries, intellectual property (IP) will be owned by these countries, and all the wealth of the founders will spend and be taxed in those countries. 

India will lose billions of dollars to jurisdictions like Singapore, the UK, the US, and Dubai and will become nothing but suppliers of cheap and skilled labour. Foreign countries will reap the benefits of the billions of dollars spent by the government to build this thriving startup ecosystem.

Cars24, Udaan, Pinelabs, Meesho Payments, InMobi, Glance, Moglix, and Flipkart are some of the Startups that have registered the parent company in Singapore while having a primary revenue base and workforce in India. This issue, known as flipping, is already being raised by nationalist entrepreneurs and venture capitalists like Sridhar Vembu and Sanjeev Bhikchandani.

Sanjeev Bikchandani, one of the most successful Internet entrepreneurs of India and founder of Naukri.com, raised alarm over the colonisation of Indian startups by foreign venture capital firms. “Shades of the East India Company type of situation here – Indian market, Indian customers, Indian developers, Indian workforce. However 100% foreign ownership, foreign investors. IP and data transferred overseas. Transfer pricing issues foggy,” tweeted Bikchandani. 

“Basically institutionalised transfer of wealth away from India while living off the Indian market and Indian labour somewhat like the days of the Company rule,” he added. 

In the long Twitter thread, Bikchandani also explained how foreign investors are taking over the ownership of Indian startups. “You take an Indian startup and transfer ownership of all its shares to an overseas company that has been usually freshly floated just for this purpose. So now the Indian company becomes a 100% subsidiary of the overseas entity,” he revealed. 

 In the future, the value creation that will happen in these companies will go to foreign investors. “Believe a lot of future value creation will happen from startups that have flipped. Not saying ban flipping, create conditions to disincentive flipping,” warned Bikchandani.

This is an alarming trend rising in the country because through the colonization of Indian startups, the foreign investors will squeeze the consumers as well as the founders of the company in the future alike. The founders will be thrown out of the company just like Sachin and Binny Bansal were thrown out of Flipkart. 

Moreover, in the last few years, it has been witnessed that the parent brand of Indian subsidiaries is asking for more and more royalty from the companies listed in India. For example, companies like Suzuki (parent company of Maruti Suzuki India), Hyundai (parent company of Hyundai India), and Unilever (parent company of Hindustan Unilever limited) have increased their royalty substantially in the last few years.  

In fact, the royalties have gone so high that in August this year, Commerce Minister Piyush Goyal asked these companies to cut royalties to boost investment in India.

In the future too, internet startups would also either transfer whole profit to parent companies or transfer a significant part of it in the form of royalties. Therefore, the Modi government must act to bring foreign investment in Internet startups down and also institutionalize the seed funding so that startups need not run to foreign companies for capital.

Tags: Free FireLee Hsien LoongPiyush GoyalSingaporeTencentUAE
ShareTweetSend
Previous Post

“I am a rishtedaar, not kirayedar in Congress,” Manish Tewari’s subtle threat to INC

Next Post

Singaporean Prime Minister was invoking Nehru because PM Modi has snatched 16 Billion Dollars from him

Related Posts

amarnath yatra 2025
Trending

No-Fly Zone Declared Over Routes On Amarnath Yatra

17 June 2025

In a sweeping security directive ahead of this year’s Shri Amarnathji Yatra, the Jammu and Kashmir Government has imposed...

Raja Raghuvanshi Murder: Meghalaya Police Recreates Crime Scene in Cherrapunji
Crime

Raja Raghuvanshi Murder: Meghalaya Police Recreates Crime Scene in Cherrapunji

17 June 2025

Meghalaya Police on Tuesday recreated the crime scene in Cherrapunji as part of their ongoing investigation into the shocking...

FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan
Geopolitics

FATF’s Condemnation of Pahalgam Attack Bolsters India’s Push to Greylist Pakistan

17 June 2025

In a rare move, the Financial Action Task Force (FATF), the global watchdog on terror financing, has strongly condemned...

Load More

Comments 1

  1. Allahhufuckbar says:
    3 years ago

    Tell Indian just to fart. Even Your host Shubhangi left the job because she got a well paying job in videsh

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

From love to murder- how five plots took down raja raghuvanshi

From love to murder- how five plots took down raja raghuvanshi

00:04:38

Marriage gone murderous: expert explains the gruesome murder case.

00:13:01

An Israeli tells why Israel hit Iran | Middle East Crisis |

00:33:03

From parliament to primetime: smriti irani is Tulsi again!

00:03:24

Islam is on the track to become the fastest growing religion in the world.

00:09:34
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited