India contributes almost 80% of Sequoia backed co’s revenues and over 70% of daily active users. Regulatory and legal crackdowns have forced the company to skirt “regulations and/or avoiding taxes through uncreative loopholes” Viceroy said in the report published Wednesday.
Stay focused on domestic fundamentals; no need to react to every US macro move: Sandip Sabharwal
According to Sandip Sabharwal, the proposed US remittance tax is the primary concern for Indians, potentially affecting remittance flows and increasing costs for the Indian