Razorpay to redomicile to India, targets domestic IPO within two years
Razorpay plans to shift its domicile back to India by FY25 and pursue a domestic listing within two years, contingent on reaching profitability across verticals. Its payment rails business is already profitable, processing $150 billion annualised, with the RBI ban now lifted.
Razorpay plans to shift domicile back to India by FY25 and target a domestic IPO within two years after reaching profitability across verticals. Payment rails business is profitable, processing $150 billion annualised; RBI ban lifted, new D2C/merchant products launched.
Why this matters
Reinforces Razorpay's reverse flip to India and IPO ambitions seen in recent signals, alongside its founders leading India's digital wealth wave as young billionaires.
Retail-company signals accelerating, up 418400% QoQ.