Cayman Islands to Marutius to India was a common route [0].
Also there is a lot of FDI that is brought via the Caymans into India.
Btw, YC lists Caymans as one of the handful of jurisdictions it will support investing in [1]. I dealt with it some time back when I was helping companies choose between YC and Sequoia Surge.
[0] - https://medium.com/paper-blog/who-owns-sequoia-capital-in-in...