Razorpay gets Sebi nod for Rs 5,000-6,000 Cr IPO; eyes $5B valuation
The development comes after Razorpay submitted its draft IPO papers with Sebi through the confidential route in June, initiating the process to tap the public markets.
Fintech company Razorpay has received Sebi's approval for its Rs 5,000-6,000 crore IPO, according to sources familiar with the matter. The company aims to achieve a valuation of approximately $5 billion through the public offering. Razorpay was founded in 2014 by Harshil Mathur and Shashank Kumar and provides a range of financial services through an integrated platform.
The company has served millions of businesses in India, from startups to large corporations, and achieved unicorn status in 2020. Razorpay's services include payment acceptance, banking, payouts, payroll, lending, and other financial services. The confidential filing route enables companies to submit draft offer documents to Sebi for review without public disclosure.
Razorpay's IPO follows rival fintech firm PhonePe's temporary suspension of its IPO in March 2026 due to geopolitical tensions and volatile market conditions. PhonePe aimed to raise over $1 billion at a valuation of $9-10.5 billion.
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- Razorpay gets Sebi nod for ₹5,000-6,000 crore IPO; eyes $5 billion valuation thehindubusinessline.com
