Razorpay Secures SEBI Approval for ₹6,000 Crore IPO at $5B Valuation

4 Nov 2026, 6:21 pm · 14h ago · 1 min read · YourStory

Amount

₹6,000 Cr

Stage

IPO

Fintech unicorn Razorpay has secured approval from market regulator SEBI for its planned initial public offering of ₹5,000 crore to ₹6,000 crore. The Bengaluru-based company is targeting a valuation of approximately $5 billion for the public listing. Razorpay had submitted its draft red herring prospectus via SEBI's confidential pre-filing route in June 2026. Founded in 2014 by Harshil Mathur and Shashank Kumar, the company provides payment processing, business banking, payroll, and lending services. Razorpay's key institutional backers include Peak XV Partners, Tiger Global, GIC, Ribbit Capital, Lone Pine Capital, Alkeon Capital, and TCV.