Overview

• Initiated in May 2023, Razorpay’s re-domiciliation concluded with its transformation into Razorpay Software Limited as a public entity.
• A 2024 regulatory amendment scrapped the need for NCLT approval in overseas mergers, expediting reverse flips by startups such as Zepto, Dream Sports, Meesho, Pine Labs and Groww.
• The fintech has raised $739 million to date and secured a $7.5 billion valuation in its most recent funding round.
• Razorpay plans an initial public offering in fiscal 2028 and is enhancing its revenue models to bolster its market position ahead of the listing.
• The company is expanding globally, launching AI-powered corporate credit cards with Yes Bank and targeting Singapore and other Asian markets.