Gate News message, April 20 — Razorpay, India’s leading payment aggregator, plans to confidentially file for an IPO with India’s market regulator within weeks, targeting a capital raise of $600 million to $700 million at a valuation of $5 billion to $6 billion.
The target valuation falls below Razorpay’s $7.5 billion peak from more than four years ago. For fiscal year 2025, the company reported revenue of 37.8 billion Indian rupees ($407 million) and a net loss of 12.1 billion rupees ($130 million). Razorpay shifted its domicile to India in May 2025 at a tax cost of approximately $150 million and has obtained board approval to become a public limited company, both prerequisites for listing. Public market investors in India have grown more cautious regarding loss-making startups and slower growth in the digital payments sector.
Razorpay holds a cross-border payment aggregator license from India’s Reserve Bank of India (RBI), enabling it to handle inward and outward cross-border payments under RBI supervision. The company serves international merchants including Agoda, Airbnb, Klook, Hostinger, and Shopify, offering payment options such as RuPay, India’s domestic card network, Unified Payments Interface (UPI), equated monthly installment plans, and net banking.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Trump’s name on the Fermi AI data center puts it in crisis, as the CEO’s resignation triggers a sharp stock price drop
Fermi America’s CEO’s sudden remarks triggered a roughly 20% drop in the share price, and it has accumulated a 75% decline since going public. The company is facing a lack of anchor tenants and supply-chain issues, causing the project to be unable to be completed on schedule. Multiple pressures have emerged internally; investors have filed lawsuits, and the market has begun to reassess the risks and business model of AI data centers.
MarketWhisper1m ago
TradFi Rise Alert: ZHIPU (ZhiPu 02513.HK) Rises Over 8%
Gate News: According to the latest Gate TradFi data, ZHIPU (ZhiPu 02513.HK) has surged by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews29m ago
TSMC Plans Mass Production of 1.4nm Chips in 2028, Ahead of Intel and Samsung
TSMC plans to mass-produce 1.4-nanometer chips by 2028, driven by AI demand. It targets 2-nanometer production in late 2026, ahead of competitors like Intel and Samsung. Strong finances and local laws bolster TSMC's market position.
GateNews56m ago
Hong Kong Exchange Mandates Shareholder Approval for Auditor Changes to Combat Opinion Shopping
Hong Kong Exchanges and Clearing has updated rules requiring shareholder approval for auditor appointments or removals, addressing issues like "opinion shopping" and ensuring transparency regarding audit fees. The changes aim to enhance corporate governance following recent financial scandals.
GateNews1h ago
Nextdc Raises $1.07B to Accelerate Sydney Data Center Expansion
Nextdc has initiated a A$1.5 billion capital raise to enhance its Sydney data center project, S4 in Horsley Park. With existing shareholders offered new shares and investor La Caisse committing A$700 million, the company also increased its 2026 capital expenditure forecast by A$300 million.
GateNews1h ago
Bitcoin ETFs posted net inflows for a third consecutive week; last week saw $996 million, the highest since January.
Last week, spot Bitcoin ETF net inflows reached $996 million, the highest level since 2026, marking net inflows for three consecutive weeks, which is related to easing tensions between the U.S. and Iran. BlackRock’s IBIT led the way, pulling in $906 million. Spot Ethereum ETFs also performed, with Fidelity’s FETH attracting $126 million. The market needs to watch how the U.S.-Iran agreement and the Federal Reserve’s rate cuts affect ETF capital flows to determine the direction of ETF fund flows.
MarketWhisper1h ago
