Razorpay Completes Reverse Flip, Redomiciles to India Ahead of Planned IPO

Razorpay has shifted its domicile from the US to India, completing a reverse flip to meet domestic listing requirements ahead of a planned IPO. The move mirrors similar redomiciling by PhonePe, Groww and Pine Labs as fintechs position for public markets in India.

— Filed Tue, 7 Jul, 2026, 18:20 IST · Source Inc42 · Quick Commerce · Updated

Razorpay completed a reverse flip, shifting its domicile from the US to India ahead of a planned IPO, joining PhonePe, Groww and Pine Labs in redomiciling for domestic listing requirements.