Financial Technology Solutions Provider, Razorpay has shifted its domicile to India
This might be the first step for Razorpay to become IPO ready
Razorpay is eyeing for an IPO in the next 2 years, the company is targeting full Profitability in the next 1.5 years
Razorpay offers products including Payment Gateway, Payment Link and Business Banking Services like Current Accounts and Corporate Cards
The Company has till now raised $740 Mn from investors like Peak XV partners, Z47, GIC and Ribbit Capital, Tiger Global, Y Combinator
Razorpay was lastly valued at $7.5 Billion in 2021
Razorpay's payment business reported revenue of ₹2,500 Cr in FY24 with a Net Profit of ₹34 Cr
But Company's Overall Operations have recorded a net loss
@Razorpay
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