Razorpay confidentially files DRHP for Rs 5,000-6,000 cr IPO; Sarvam AI joins unicorn club at $1.5B
Razorpay has filed confidential draft papers with SEBI for one of India's most anticipated startup IPOs, targeting a Rs 5,000-6,000 crore issue. Backed by Peak XV, Bessemer and Khosla, the fintech payments firm signals a maturing exit pipeline. Separately, Sarvam AI raised $234M at $1.5B valuation, turning unicorn.
What happened
Fintech payments firm Razorpay has confidentially filed draft IPO papers with SEBI, targeting a Rs 5,000-6,000 crore issue, making it one of India's most
Key facts
- Rs 5,000-6,000 crore
- $234 million
- $1.5 billion
Why this matters
Razorpay's pre-IPO posture narrows the window for strategic acquirers to engage, while Sarvam's unicorn round reprices any India AI tuck-in talks materially upward.