Razorpay Begins IPO Preparations, Targets ₹4,500 Crore Fundraise
India's largest payments company Razorpay has received board approval to convert to a public company and is inviting banker pitches for its upcoming IPO.
Key Facts
| Detail | Value |
|---|---|
| Deal size | ₹4,500 |
| Stage | IPO |
| Valuation | $7.5 billion |
| Sector | Razorpay |
| Coverage | Startup Funding |
Razorpay, India's most valuable payments company, has begun formal preparations for its stock market debut. The company is inviting merchant bankers to pitch for its IPO mandate and aims to raise up to ₹4,500 crore ($530 million) in fresh capital.
Board Approval Secured
The company's board has approved the conversion from a private limited company to a public limited company, a necessary step before filing for an IPO. This marks a significant milestone for Razorpay, which was last valued at $7.5 billion.
The IPO Plan
Key details of the planned offering:
Company Overview
Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay has grown to become India's largest payments infrastructure company:
Why Now?
Several factors are driving Razorpay's IPO timing:
What It Means for Fintech
A successful Razorpay IPO would be a landmark moment for Indian fintech:
The company is expected to appoint investment bankers in the coming weeks and file its DRHP by Q2 2025.
Reported by Rohit Menon. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
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