Roundup · Financial Services

Razorpay seeks bids for INR 4,500 Cr IPO

By Startup Enthusiast · 12 January 2026

What they do

Razorpay is an omnichannel payments and banking platform founded in 2014

The company has sought bids from merchant bankers Kotak Mahindra and Axis Capital for its initial public offering

Razorpay reported INR 3,783 Cr operating revenue in FY25 with 65% year-over-year growth

Razorpay has approached merchant bankers to manage its upcoming initial public offering (a process where a private company sells shares to the public for the first time).
The fintech firm selected Kotak Mahindra and Axis Capital as lead advisors for the deal.
The IPO includes a fresh issue of shares worth INR 4,500 Cr to raise new capital for the business.
Razorpay is also considering a secondary pre-IPO round to help reach its target valuation benchmarks before listing.
The company previously raised $375 Mn in 2021 when it was valued at $7.5 Bn.
Total funding raised by Razorpay to date exceeds $739 Mn across multiple rounds.
The startup targets a mid-2026 listing timeline following confirmation from founder Mukesh Ambani regarding Jio's entry.
Regulatory changes regarding dilution rules are being monitored as part of the listing strategy.

Razorpay represents one of India's largest fintech valuations seeking public market access.
The move signals confidence in the Indian capital markets despite recent weekly funding dips.
Secondary sales allow early investors to exit while the company raises fresh funds.
The IPO structure balances growth capital needs with investor liquidity requirements.

Razorpay provides an omnichannel payments solution allowing businesses to accept money via various methods.
The platform offers integrated banking services alongside payment processing capabilities.
Revenue grew 65% year-over-year reaching INR 3,783 Cr in FY25.
The company serves merchants requiring seamless digital transaction infrastructure.
Operations span across multiple channels including web, mobile, and point-of-sale systems.
Financial technology services form the core of the company's value proposition.
Growth is driven by increasing digital adoption among Indian businesses.
The platform handles high volumes of transactions securely and efficiently.
Customer base includes diverse sectors relying on reliable payment gateways.