Razorpay files confidential DRHP, eyes Rs 6,000 crore IPO at $7.5B valuation
Razorpay has confidentially submitted draft papers with SEBI to raise up to Rs 6,000 crore. The Y Combinator and Peak XV-backed payments firm redomiciled to India last May and now joins Zepto and Prism on the listing runway, intensifying the fintech IPO pipeline.
What happened
Razorpay has confidentially filed draft IPO papers with SEBI seeking to raise up to Rs 6,000 crore. Last valued at $7.5 billion, the fintech redomiciled to
Key facts
- Rs 6,000 crore
- $7.5 billion
Why this matters
Razorpay's confidential DRHP narrows the M&A window for acquiring payments assets at private-market discounts and raises the bar for any competing roll-up or strategic tie-up in the gateway space.