Razorpay files confidential DRHP for $600 Mn IPO; ONDC's DigiDukaan digitises kirana B2B across metros

Razorpay targets $5-6 Bn valuation in confidential filing. ONDC's DigiDukaan onboards 10,000+ Hyderabad retailers with 35 brands, Mumbai/Bengaluru/Delhi next. Zepto's UDRHP at ₹8,010 Cr trails Blinkit's 2,243 dark stores. PhonePe-GPay-Paytm cede UPI share as txns cross 2,000 Cr in May.

— Filed Tue, 16 Jun, 2026, 08:02 IST · Source Inc42 · Updated

Razorpay files confidential DRHP for $600 Mn IPO at $5-6 Bn valuation. ONDC's DigiDukaan digitises kirana B2B procurement, onboarding 10,000+ retailers across Hyderabad with Mumbai/Bengaluru/Delhi next. Zepto trails Blinkit on dark stores; UPI leaders lose share to smaller players.

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