Razorpay completes reverse-flip to India, sets stage for domestic IPO
Payments major Razorpay has shifted its holding entity from the US to India ahead of a planned public listing, joining a wave of relocations by PhonePe, Pine Labs, Groww and Zepto positioning for domestic IPOs.
Payment rail Razorpay completed reverse-flipping its domicile to India from the US ahead of a planned IPO, joining peers like PhonePe, Pine Labs, and Zepto in relocating holding entities for domestic listing.
Why this matters
The move confirms Razorpay's IPO trajectory, echoing multiple recent signals on its completed reverse-flip and domicile shift to India, and aligns it with peers like PhonePe, Pine Labs, Groww and Zepto preparing for domestic listings.
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