Razorpay Reverse-Flips Domicile To India Ahead Of Planned IPO

Payment rails provider Razorpay has shifted its domicile from the US back to India as it preps a listing on Indian markets, following reverse-flip moves by PhonePe and Groww.

— Filed Wed, 8 Jul, 2026, 14:03 IST · Source Inc42 · Quick Commerce · Updated

Razorpay, an Indian payment rails provider, shifted its domicile from the US back to India ahead of a planned IPO on Indian markets, mirroring reverse-flip moves by PhonePe and Groww.