LaunchFinancial Services
Razorpay gets final GIFT City payments licence
By Abha Lohia · Editor ·
Razorpay: revenue, valuation and funding and every story →
BengaluruFounded 2014
- Razorpay is a Bengaluru fintech that provides payment services to businesses across India
- It won the final payment service provider licence from the GIFT City regulator, following in-principle clearance given in April 2026
- The licence lets it move money across borders for global investing, collections and multi-currency accounts, already linked with RBL Bank and ICICI Bank
What happened
- Razorpay received the final PSP licence from IFSCA for GIFT City.
- It builds on in-principle approval from April 2026.
- It is integrated with RBL Bank and ICICI Bank; investment platforms are due to go live soon.
Why it matters
- Indian residents put $2.65 billion into overseas stocks and debt in FY26, up 56%.
- One setup could cut integration time from months to two or three weeks.
The business
- Payments and financial services for businesses.
- Now adds foreign currency transfers and multi-currency accounts.
In numbers
$2.65BOverseas investment by residents · FY26
What happens next
- Extend the setup to other financial flows.
Words to know
- IFSCA
- the regulator for GIFT City's international financial centre
The numbers around it
Razorpay has 7 funding rounds in StopDown's archive, $800 million+ raised in all.
| When | Round | Amount | Led by |
|---|---|---|---|
| 17 June 2025 | Strategic | $30 million | Undefined |
| 20 December 2021 | Series F | $375 million | Undefined |
| 19 April 2021 | Series E | $160 million | |
| 18 June 2019 | Series C | $75 million | Undefined |
| 15 January 2018 | Series B | $20 million | Undefined |
| 27 October 2015 | Series A | $9 million | Undefined |
| 23 March 2015 | Accelerator | $120,000 | Undefined |
Financial Services in November 2026: 4 rounds with a disclosed amount, $166 million in all; the biggest was OnEMI (₹832 Cr). Every sector this year →
Other articles talking about it
Terms in this story
- GIFT City: GIFT City is India's international financial services centre (IFSC) in Gandhinagar, Gujarat, where banks, funds and exchanges deal mainly in foreign currency under one regulator, the IFSCA. Startups meet it mostly through funds, listing options and fintech tests. As of November 2026, eligible units get a tax holiday of 20 years out of 25.
- Fintech business model: Fintech startups in India earn in four main ways: a small fee on each payment, interest and fees on loans, commissions for selling insurance or investments, and subscriptions for software sold to banks and businesses. The number that matters most is the take rate, the share of each rupee processed that the company keeps.
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Everything on Razorpay → · All startup news on 2 November 2026 →
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