Razorpay Appoints Four Investment Banks for IPO Valued Over $700 Million
Loading more articles...
Razorpay Taps 4 Investment Banks for $700M+ IPO
M
Moneycontrol•13-02-2026, 15:07
Razorpay Taps 4 Investment Banks for $700M+ IPO
•Fintech major Razorpay has shortlisted Axis Capital, Kotak Mahindra Capital, JP Morgan, and Citi as advisors for its upcoming Initial Public Offering (IPO).
•The proposed IPO is expected to be a combination of primary and secondary share issues, with an estimated size exceeding $700 million.
•Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay has raised $742 million across 11 funding rounds, with a post-money valuation of $9.2 billion as of June 2025.
•Razorpay recently invested $30 million in consumer payments platform POP to expand into India's UPI market and received RBI's Payment Aggregator-Cross Border licence.
•The company's revenues stood at Rs 3,900 crore as of March 31, 2025, and it competes with PayU, Adyen, and Stripe in the fintech space.
