Razorpay files confidential DRHP for $600 Mn IPO at $6 Bn — a markdown from $7.5 Bn peak
Razorpay has filed confidential papers for a $500-600 Mn IPO at a $5-6 Bn valuation, below its 2021 private mark of $7.5 Bn. FY25 revenue grew 65% to ₹3,783 Cr, but ESOP charges of ₹1,209 Cr and restructuring costs dragged the payments giant into losses ahead of listing.
Razorpay filed confidential DRHP to raise $500-600 Mn at $5-6 Bn valuation, below its last $7.5 Bn private mark. FY25 revenue jumped 65% to ₹3,783 Cr but ESOP and restructuring costs pushed it into losses.