Pranjal Saini | New Delhi | April 17, 2025
In a bold move signaling its IPO ambitions, fintech unicorn Razorpay has officially transitioned into a public limited company—a strategic milestone that brings the Bengaluru-based payments giant one step closer to its public debut.
While the IPO itself is expected around 2026-27, Razorpay is proactively laying the groundwork. A company spokesperson confirmed, “As part of our redomiciling to India, we’re becoming a public company well ahead of our IPO to align with best governance practices and build early readiness.”
This transformation follows the green light from the Regional Director in Hyderabad, who approved the amalgamation of Razorpay Inc with Razorpay India, reinforcing the company’s commitment to deepen its roots in the Indian market after being previously domiciled in the U.S.
With this move, Razorpay joins the ranks of Indian fintech giants like Paytm and MobiKwik, both of which have gone public. It also aligns Razorpay with peers like Pine Labs and PayU, who are gearing up for listings by the end of FY26.
Scaling with Impact
Razorpay continues to empower local businesses with innovative payment solutions—from multi-currency transactions and real-time payments to affordable cross-border options. Its regional expansion to Singapore and Malaysia marks the brand’s growing global footprint.
Having raised over $800 million and commanding a valuation of $7 billion, Razorpay reported impressive FY24 figures:
- Revenue: ₹2,068 Cr
- Profit: ₹35 Cr
The company is holding strong against competitors like Cashfree (₹642 Cr in FY24 revenue) and PayU (₹3,800 Cr in FY24 revenue), clearly signaling its dominance and readiness for the next big leap.
Razorpay isn’t just going public—it’s going powerful.