RAZORPAY IPO
Razorpay moves closer to public market debut as Sebi gives green signal to IPO
Razorpay has received Sebi's approval for its proposed IPO, bringing the fintech company's stock market debut closer. Targeting a potential 2027 listing, the company is reportedly exploring a Rs 5,500-6,500 crore fundraising amid valuation and profitability scrutiny.
Razorpay, Sembcorp Green Infra get Sebi nod to float IPOs
Razorpay Software Ltd and Sembcorp Green Infra recently received approval from Sebi for their initial public offerings, marking a major milestone in their growth journeys. Razorpay aims to secure Rs 5,000-6,000 crore to enhance its financial services platform, while Sembcorp Green Infra plans to raise Rs 3,750 crore to bolster its renewable energy initiatives.
Premji's deeptech bets; Razorpay gets IPO nod
Happy Thursday! Premji Invest is stepping up its bets on defence and aerospace manufacturing.This and more in today’s ETtech Morning Dispatch.
Razorpay gets Sebi nod for Rs 5,000-6,000 crore IPO: sources
ET reported on April 20 that Razorpay was preparing a confidential IPO filing to raise Rs 5,500-6,500 crore at an expected valuation of $5 billion (Rs 49,000-50,000 crore), below the $7.5 billion (around Rs 6,000 crore then) it commanded in its last major private funding round in 2021.
Razorpay gets final Gift City licence to expand cross-border payments
Razorpay has attained a payment service provider licence from the International Financial Services Centres Authority. This licence allows the company to process foreign-currency payments from its base in Gift City, Gujarat. The approval enables Razorpay to offer multi-currency accounts and facilitate international transactions. With established integrations with RBL Bank and ICICI Bank, the service is expected to be utilized shortly.
The ET Startup Awards 2026 special
Happy Monday! The Economic Times Startup Awards (ETSA) 2026 ceremony brought together the country’s top founders, investors, and policymakers in Bengaluru for a Friday evening of sharp insights and spirited conversations.
ETSA 2026: Over a decade on, India's startup story is only getting started
The 12th edition of The Economic Times Startup Awards (ETSA) captured this transition, reflecting an ecosystem that has moved beyond the race for scale to pursue technological depth, durable businesses and international markets.
GST relief on cards for ecomm sellers; AceVector's weak debut
The GST Council is expected to consider easing compliance for small ecommerce sellers. This and more in today’s ETtech Top 5.
IPO-bound Razorpay partners with OpenAI to help Indian brands advertise on ChatGPT
Under the partnership, Razorpay Engage, the company's customer engagement and marketing platform, will help brands prepare product catalogues, structure feeds, launch campaigns and track their performance on ChatGPT Ads.
Anthropic's Claude can now process AI requests locally in India through Amazon Bedrock
Anthropic has launched its Claude AI models in India for local processing through Amazon Bedrock. This development addresses data residency concerns for banks, government institutions, and large enterprises. Companies, including TCS and Kotak Bank, expressed support and enthusiasm for local AI inference.
Missed the NSE IPO? Here are 5 of the largest issues in the pipeline to keep on your radar
For those who missed out on the National Stock Exchange IPO, there's a silver lining: several major public offerings are on the horizon! Set to accumulate a staggering Rs 4.27 lakh crore, companies such as Jio Platforms and PhonePe are readying their IPOs. With some firms already greenlit by Sebi while others await approval, the market's robust activity suggests a ripe environment for upcoming public offerings and eager investors.
UPI MDR could bring transaction value into payment apps’ market-share battle, industry executives say
The new revenue stream could also draw banks and ecommerce companies into consumer UPI. Pine Labs chairman, managing director and chief executive officer Amrish Rau called the change a "life-changing opportunity" for the company.
UPI charges from October 15; Activate’s maiden fund
Happy Wednesday! The NPCI has announced charges on select UPI merchant payments. This and more in today's ETtech Morning Dispatch.
Amazon Now’s sales surge; govt’s stance on UPI charges
Happy Tuesday! Amazon's quick commerce arm is scaling fast, India head Samir Kumar told us. This and more in today’s ETtech Morning Dispatch.
India consults banks, payment firms on fees for large UPI payments, sources say
India's payments authority is discussing charges on large UPI transactions. This follows a recent change in law allowing fees on payments over 2,000 rupees. Regulators are leaning towards a 0.4% charge for merchant transactions. Person-to-person payments will continue to remain free for users. This move is expected to generate significant annual revenue for the payments industry.
Razorpay confidentially files IPO papers with Sebi
Fintech firm Razorpay is preparing for its stock market debut. The company has confidentially filed for an initial public offering. Razorpay aims to raise between $600 million and $700 million. Its valuation is expected to be between $5 billion and $6 billion. This move signals a significant step for the digital payments giant.
Razorpay begins IPO process; files confidential DRHP to raise Rs 5,000-6,000 crore
Fintech major Razorpay has officially commenced its IPO journey by filing its draft red herring prospectus with SEBI, aiming to raise Rs 5,000-6,000 crore. This move follows shareholder approval for a fresh issue and an offer-for-sale component, marking a significant step after its reverse flip to India.
Razorpay eyes omnichannel focus for offline push: sources
Online payments firm Razorpay has scaled back its offline expansion plans due to sluggish growth in the vertical. Following its Ezetap acquisition, the company is now focusing on merchants needing both online and offline payment solutions, rather than aggressive field team expansion. This strategic shift aligns with Razorpay's IPO preparations and a focus on a more profitable core business.
Razorpay set for confidential IPO filing; valuation may fall to around $5 billion
The fintech startup, last valued at $7.5 billion, is expected to be questioned on growth sustainability and the road to profitability; Walmart-backed PhonePe paused its $1.3 billion IPO last month, citing West Asia conflict.
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