Razorpay, a fintech unicorn, is getting closer to its intended initial public offering (IPO) by becoming a public limited company. The Bengaluru-based company, which was formerly headquartered in the US, is currently moving its headquarters to India, though it has no imminent intentions to go public.
A company spokesman stated, "As part of our redomiciling to India, we are commencing the process to become a public company well before our IPO in about two years, in order to conform with best governance standards and establish early preparation."
Pine Labs and PayU are also anticipated to list by the end of the current fiscal year (FY26), while Razorpay would join companies like Paytm and MobiKwik that have already gone public.
According to media sources, the payments unicorn based in Bengaluru plans to go public by 2026–2027. This comes two months after Razorpay Inc. and Razorpay India's merger was approved by the Regional Director in Hyderabad.
For local companies, Razorpay offers simple and safe payment options. Real-time payments, multi-currency transactions, and affordable cross-border solutions are among its services. The business now operates in Singapore and Malaysia in addition to India.
Razorpay was recently valued at about $7 billion and has raised over $800 million in several fundraising rounds.
