According to the sources, the issue may be launched before the end of this year. However, the exact timeline or size is yet to be announced.
As per the report, Razorpay may also plan to raise funds via pre-IPO placement. In 2021, Razorpay was valued at was last valued at $7.5 billion after raising $375 million.
According to the Economic Times, Razorpay already has enough money and does not require new investment
In April of last year, Razorpay became a public limited company. The company has its holding structure in the US and later shifted its base to India. For the shift they also paid $150 million in taxes.
Razorpay has also invested $30 million in POP UPI in order to strengthen its UPI offerings. Moreover, it also received approval from the Reserve Bank of India to handle cross-border payments for international transactions.
Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay is one of India’s leading payment solution providers and has raised more than $741 million from major investors like GIC, Peak XV Partners, Z47, and Tiger Global.
