Razorpay Gets SEBI Approval For ₹5,000–6,000 Crore IPO, Targets $5 Billion Valuation

Fintech major Razorpay has reportedly received approval from the Securities and Exchange Board of India (SEBI) for its proposed IPO, estimated at ₹5,000–6,000 crore. The company is targeting a valuation of around $5 billion as it prepares to enter the public markets.

Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay has expanded beyond payment processing into business banking, payouts, payroll, lending and other financial services. The development marks a significant step in the fintech company's journey towards a potential stock market debut.

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