- NTR district ready for peaceful polls
- Prakasam ready for ZPTC, MPTC polls
- Power lines, houses damaged in Prakasam
- CPM seeks immediate relief to cyclone-hit farmers
- Leopard movement sparks concerns in Tirupati
- Centre’s nod for five Telangana projects worth Rs 3,892 crore
- Nilekani meets Naidu, discusses exam reforms
- TTD’s food lab a role model to the nation: Addl EO
Razorpay gets Sebi nod for Rs 6,000 crore IPO
In Short
Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay offers payment acceptance, banking, payouts, payroll, lending and other financial services through an integrated platform.
Share :
Razorpay gets Sebi nod for Rs 6,000 crore IPO
New Delhi: Fintech firm Razorpay has secured approval from markets regulator Sebi for its proposed initial public offering (IPO) of Rs 5,000-6,000 crore, sources familiar with the development said on Wednesday. The company is targeting a valuation of around USD 5 billion through the public offering, they added. The development comes after Razorpay submitted its draft IPO papers with Sebi through the confidential route in June, initiating the process to tap the public markets.
Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay offers payment acceptance, banking, payouts, payroll, lending and other financial services through an integrated platform.
The company serves millions of businesses across India, ranging from startups and small and medium enterprises to large corporates.
Razorpay attained unicorn status in 2020 and has since expanded beyond payments into a broader financial services ecosystem for businesses. Its offerings enable merchants to manage collections, payouts, payroll, cash flows and access to capital through a single platform.
