Razorpay submits confidential DRHP to SEBI for $600Mn IPO: Report
Summary
Razorpay has confidentially filed draft IPO papers with SEBI for a public issue that could raise about $600 million. The company is targeting a valuation of roughly $5 billion to $6 billion, below its peak private valuation. It has lined up major investment banks to manage the offering and may include both fresh shares and an offer-for-sale component. The filing follows its reverse flip to India, conversion into a public limited company, and strong revenue growth in FY25, though it still reported a net loss.
Funding
Amount
$600.0M
Total raised
Date
June 15, 2026
Announcement date
Investors
Citi Ventures, Lightspeed China, Kotak Realty Fund, GIC, Tiger Global Management, Y Combinator, Axis Capital
Lead investors
Company
razorpay.com
Funded company
Classifications
industries
Fintech & Banking
applications
AI & Machine learning
AskAI Classifications
Labels
Payment Processing Software
Fintech SaaS
Business Banking Software
Linked Companies
Razorpay
$100M to $250M