Razorpay completes reverse flip to India, sets stage for domestic IPO within two years
Payment rail Razorpay relocated its parent domicile from the US to India, rebranding as Razorpay Software Ltd, incurring ~₹1,245 crore tax liability. The move clears the path for a domestic IPO within two years, joining peers like PhonePe and Groww in pre-listing restructuring.
Payment rail Razorpay completed its reverse flip, relocating its parent domicile from US to India ahead of a planned domestic IPO within two years, incurring ~₹1,245 crore tax liability and rebranding as Razorpay Software Ltd.
Why this matters
Confirms Razorpay's earlier plan to redomicile to India and target a domestic IPO within two years, alongside its UPI Switch launch with Airtel Payments Bank to strengthen payment rails.
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