Razorpay confidentially files for $600M IPO, eyes late-2026 listing at Paytm-rivaling scale
Bengaluru payments major Razorpay has confidentially submitted draft papers for a roughly $600 million IPO, targeting a listing by end-2026. Last valued at $7.5B in 2021, it is advised by Axis Capital, JPMorgan, Citi and Kotak as it lines up against listed peer Paytm ($7.60B m-cap) and rivals PhonePe, Cashfree and BillDesk.
Razorpay confidentially filed draft IPO papers targeting roughly $600 million, eyeing a late-2026 listing. The Bengaluru payments firm, last valued at $7.5 billion, is advised by Axis, JPMorgan, Citi and Kotak; competes with Paytm, PhonePe.