Razorpay gets Sebi nod for Rs 5,000-6,000 Cr IPO; eyes $5B valuation
Razorpay, founded in 2014 and backed by investors including Peak XV Partners and Tiger Global, has received approval from India's markets regulator (Sebi) for its initial public offering. The company aims to raise Rs 5,000-6,000 crore at a $5 billion valuation and used the confidential filing route to submit draft offer documents in June. Razorpay operates an integrated financial services platform serving millions of Indian businesses, offering payments, banking, payouts, payroll and lending services. The company achieved unicorn status in 2020 and has expanded beyond payments into a broader B2B financial services ecosystem.
Key points
- Sebi approval secured for Rs 5,000-6,000 Cr IPO targeting $5B valuation
- Founded 2014; became unicorn in 2020; backed by Peak XV, Tiger Global, GIC and others
- Platform offers payments, banking, payouts, payroll, lending and cash flow management
- Serves startups, SMEs and large corporates across India
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