Razorpay begins IPO preparations after SEBI approval

Digital payments firm Razorpay has begun formal preparations for an IPO to raise up to US$500 million, according to sources. The Bengaluru-based company has invited merchant bankers to pitch for the underwriter role and may launch the public issue by year-end. Razorpay recently received an RBI cross-border payment aggregator license, completing its regulatory approvals across online, offline, and cross-border aggregation. Open article →