Razorpay to file IPO raising $600 million-$700 million, valuation cut to $5B-$6B
NewsBytes | April 20, 2026 10:39 AM CST
Razorpay posts ₹3,783cr revenue, ₹1,209cr loss
Razorpay will file confidentially with SEBI, following a trend set by Swiggy and Meesho. This comes as PhonePe paused its own IPO plans due to global tensions.
Financially, Razorpay saw revenue jumped 65% in FY25 (year ended March 2025) to ₹3,783 crore but also reported a ₹1,209 crore net loss, mostly from ESOP expenses and costs related to its domicile transition/reverse flip to India.
Even after processing $180 billion in payments, it is feeling some pressure from slower growth in direct-to-consumer business.
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