Razorpay to redomicile to India by FY25, targets domestic IPO within two years
Payments fintech Razorpay plans to shift its domicile back to India by FY25 and pursue a domestic listing within two years after turning profitable across verticals. Its rails process $150B annualised payments serving D2C brands, retail chains and merchants, with 60% POS growth in FY23.
Fintech Razorpay plans to shift domicile back to India by FY25 and target a domestic IPO within two years after turning profitable across verticals. Its India payment rails serve D2C brands, retail chains and merchants, processing $150B annualised.
Why this matters
The redomicile and IPO push follows Razorpay's pivot toward an AI platform for small businesses and SEBI queries on its draft IPO papers, signaling a maturing path to public markets.
Retail-company signals are accelerating, up +414900% QoQ.