Razorpay completes reverse flip to India ahead of planned IPO
Razorpay has shifted its holding company domicile from Delaware to India, completing a reverse flip to satisfy domestic listing requirements ahead of a planned IPO. The move mirrors peers PhonePe and Groww, who relocated for similar reasons.
Razorpay completed its reverse flip, moving its holding company domicile from Delaware to India ahead of a planned IPO, following peers like PhonePe and Groww relocating to meet domestic listing requirements.
Why this matters
Razorpay's redomiciling to India confirms its IPO trajectory, aligning with prior signals on the reverse-flip completion and echoing similar moves by PhonePe and Groww ahead of domestic listings.
Retail-company signals are accelerating, up 693,400% QoQ.