Many of the so-called "Indian startups" are actually registered outside India. It may come as a surprise when you discover the actual numbers. This process of shifting the domicile of a company from one country to another, typically for strategic or operational reasons is called Flipping. These startups employ mechanisms like holding companies in foreign jurisdictions and operating through a subsidiary in India. However, the tide is turning as some of these startups are now choosing to return to India, despite the significant expenses and complexities involved in the process.