Razorpay completes reverse flip to India, eyes domestic IPO within two years
Payments major Razorpay relocated its parent domicile from the US to India, absorbing a ~₹1,245 crore (~$150M) tax hit, as it lines up a domestic listing within two years pending RBI and MCA approvals. The firm processes $180B in annual transactions and has raised $739M since 2014.
Payment rail Razorpay completed its reverse flip, relocating its parent domicile from the US to India, incurring ~₹1,245 crore tax, ahead of a planned domestic IPO within two years pending RBI and MCA approvals.
Why this matters
The completed redomiciliation follows Razorpay's earlier plan to relocate to India by FY25 and target a domestic IPO, and comes as SEBI flags queries on its draft IPO papers.
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