Home / Business and Economy / Razorpay Eyes IPO Amidst Market Caution
Razorpay Eyes IPO Amidst Market Caution
20 Apr
Summary
- Razorpay is preparing a confidential IPO filing soon.
- The fintech aims to raise $600-700 million at a $5-6 billion valuation.
- India's market shows selectivity, favoring profitable or high-growth companies.
Fintech unicorn Razorpay is reportedly preparing to confidentially file for its initial public offering in the coming weeks. The company is seeking to raise between $600-700 million, with an anticipated valuation of $5-6 billion.
This valuation represents a markdown from its peak of $7.5 billion over four years ago. Razorpay's decision to pursue an IPO comes at a time when the Indian public market is demonstrating increased selectivity, favoring startups with clear profitability timelines or significant growth.
Razorpay completed its corporate domicile shift to India in May 2025, incurring approximately $150 million in taxes. The company also secured board approval to become a public limited entity, a prerequisite for listing.
For the fiscal year ending March 2025, Razorpay reported a 65% year-on-year increase in consolidated operating revenue to Rs 3,783 crore. However, the company posted a net loss of Rs 1,209 crore, impacted by employee stock option expenses and its domicile transition costs.
