Eye on IPO shores, companies set sail for Cayman

The Cayman Islands could emerge as the new pitstop for Indian startups building software products for global markets that are in search of flexibility to tap into capital markets either at home or overseas. The Caribbean Island, a self-governing British Overseas Territory, is seen as “a region of interest” for these software-as-a-service, or Saas, companies as they look to put their global ambitions on the fast track, according to multiple people in the know of developments.

The push to register these Saas startups in the tax-neutral territory is…