Razorpay is one of the major players in online payment gateway market in India. This company alone handles payments for around 80% of startup unicorns in the country. Since starting its journey in 2014, the company has come a very long way. Now, in order to take its business to even greater heights, Razorpay has decided to launch its IPO and become a publicly traded company. As part of this process, the company has already filed its DRHP with SEBI.
In this blog post, we will take a closer look at Razorpay, its business and important details of Razorpay IPO. So, if you are someone who is interested in the stock market and enjoys keeping an eye on upcoming IPOs, this blog post is worth reading.
Let’s take a look at Razorpay company details, including its year of establishment, founders and background :-
|
Particulars |
Details |
|
Company Name |
Razorpay Software Limited |
|
Popular Name |
Razorpay |
|
Industry |
Fintech |
|
Established |
2014 |
|
Razorpay Founders |
Harshil Mathur and Shashank Kumar |
|
Headquarters |
Bengaluru, Karnataka |
|
Business Activities |
Provides online payment solutions to businesses, startups and enterprises. Also provides payment gateway technology infrastructure. |
|
Services |
Accepting, processing and disbursing digital payments |
|
RBI Licence |
Licensed as a Payment Aggregator by India’s central bank RBI |
|
Major Razorpay Investors |
Backed by major investors like Lone Pine Capital, Alkeon Capital, TCV, GIC, Ribbit Capital, Peak XV Partners (formerly Sequoia Capital), Tiger Global Management, Y Combinator, Matrix Partners, Salesforce Ventures and Mastercard |
Razorpay Software Limited, or simply Razorpay, is an Indian fintech company that provides online payment solutions to businesses, startups and enterprises. It allows such entities to accept, process and disburse digital payments. The Razorpay company was founded more than a decade ago in 2014 by IIT Roorkee alumni Harshil Mathur and Shashank Kumar. Both of them continue to lead the company in their paramount roles.
Harshil Mathur is currently the Razorpay Chief Executive Officer (CEO) while Shashank Kumar is the company’s Managing Director (MD). Razorpay Payments Private Limited, which is the subsidiary of Razorpay Software Limited, is licensed by the Reserve Bank of India (RBI) to operate as a Payment Aggregator for online, offline and cross-border international payments. The company also provides payment gateway technology infrastructure. Razorpay is headquartered in Bengaluru, Karnataka.
The Razorpay company is backed by various global investors and sovereign wealth funds, including Lone Pine Capital, Alkeon Capital, TCV, GIC, Ribbit Capital, Peak XV Partners (formerly Sequoia Capital), Tiger Global Management, Y Combinator, Matrix Partners, Salesforce Ventures and Mastercard.
The key managerial personnel of Razorpay are listed below :-
|
Name |
Designation |
Image |
|
Harshil Mathur |
CEO and Co-founder |
|
|
Shashank Kumar |
MD and Co-founder |
|
|
Rahul Kothari |
Chief Operating Officer |
|
|
Arif Khan |
Chief Innovation Officer |
|
|
Arpit Chugh |
Chief Financial Officer |
|
|
Chitbhanu Nagri |
Senior Vice President, People Operations |
|
|
Khilan Haria |
Chief Product Officer |
|
|
Apuarv Sethi |
Chief Marketing Officer |
|
|
Ayush Bansal |
Vice President and General Manager, RazorpayX |
|
Here’s a look at the major milestones achieved by Razorpay :-
Razorpay was founded in the year of 2014 by two IIT alumni, i.e., Harshil Mathur and Shashank Kumar. Together, they founded the company with aim of solving challenges businesses faced while accepting digital payments in India. The founders set out to make online payment infrastructure simpler, easier and more accessible so businesses of all sizes could benefit from digital payments.
In 2015, Razorpay joined Y Combinator Winter 2015 (W15) batch. This helped the company to strengthen and refine its business idea. The Razorpay company also officially launched its first payment gateway in same year. In October 2015, Razorpay raised Series A funding, which allowed it to expand its team and business operations.
In 2020, Razorpay achieved a major milestone by reaching a valuation of $1 billion. Because of this, the company officially entered unicorn club.
Following Series F funding round in December 2021, Razorpay company valuation reached an estimated $7.5 billion. This marked a major milestone in growth journey of this company.
On 19 December 2023, the company achieved yet another major milestone in its business journey. On this day, Razorpay Payments Private Limited received its final online Payment Aggregator license from Reserve Bank of India after receiving in-principle approval in July 2022. This allowed the company to strengthen its position in digital payments industry.
In 2026, Razorpay handles approx. 55% of India's online payment gateway market. The company is also moving closer to its IPO plans. It has a target valuation of around $5 billion. Its Draft Red Herring Prospectus received SEBI approval. This approval by the market regulator brings it one step closer to making its public listing plans a reality.
Currently, Razorpay is not listed on any stock exchange. However, the company has serious plans to become a publicly listed company. This is not merely an expectation. Razorpay has already taken steps towards its IPO. The company filed its draft red herring prospectus with SEBI via confidential pre-filing route on 12 June 2026. It later received approval from market regulator in November 2026 and moved one step closer to its stock market debut.
The Razorpay IPO date has not been announced yet. However, according to reports by Business Standard and The Economic Times, the company is targeting a stock market debut in Q1 2027 (January - March 2027). In table below, we have provided a summary of Razorpay IPO details available with us so far :-
|
Parameter |
Details |
|
Legal Name of Issuing Entity |
Razorpay Software Limited |
|
Regulatory Status |
The Company received SEBI approval for IPO in Early November. The approval is valid for 18 months. |
|
DRHP Filing Date & Route |
Razorpay DRHP was filed with SEBI on 12 June 2026 through confidential pre-filing route. |
|
Expected IPO Listing Timeline |
According to reports by Business Standard and The Economic Times, Razorpay IPO listing is being targeted for Q1 2027 (January - March), subject to market conditions and investor demand. Early launch is also possible. |
|
Estimated Total Issue Size |
The total issue size for the IPO is estimated to be between Rs. 5,000 - 6,000 crore. |
|
Razorpay IPO Valuation (Target) |
Razorpay targets a valuation of ~$5 billion through the IPO |
|
Face Value |
Rs. 2 per equity share, as per ROC filings |
|
Exchanges for IPO Listing |
Mainboard listing on National Stock Exchange and Bombay Stock Exchange. |
|
Book Running Lead Managers for Razorpay IPO |
The Book Running Lead Managers for Razorpay IPO include Axis Capital, Kotak Mahindra Capital, Citigroup Global Markets India and JPMorgan India. |
|
IPO Price Band & Lot Size |
Razorpay IPO Price Band and Lot Size have not been announced yet. These figures will be disclosed later on in updated DRHP / RHP. |
|
Razorpay IPO Open & Close Dates |
No announcement has been made regarding Razorpay IPO dates. |
|
Razorpay IPO Share Price & Price Band |
Razorpay IPO Price Band and Share Price have not been announced yet. |
|
Razorpay Allotment Status |
Not announced yet. |
|
Razorpay IPO Lot Size |
The Lot Size has not been announced yet. |
Razorpay is one of the leading fintech companies in India. It was founded more than a decade ago in 2014 by co-founders Harshil Mathur and Shashank Kumar. Over the years, the company has grown from a small payment gateway startup to a full stack financial solutions provider that serves approx. 10 million businesses. At present, Razorpay payment gateway market share is approx. 55% in India. Now, the company is planning to become a publicly traded company as it plans to launch its IPO in near future. The company received SEBI’s nod for DRHP in November this year. As per the reports, the Razorpay IPO is expected to make a debut in the stock market in Q1 - 2027 (i.e., between January - March).
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Q1. Which company is India’s only full-stack financial solutions company for businesses?
A. Razorpay is India’s only full-stack financial solutions company for businesses.
Q2. Who are Razorpay founders?
A. Razorpay founders are IIT Roorkee alumni Harshil Mathur and Shashank Kumar. Both of them founded the company together in 2014.
Q3. What is confidential pre-filing route?
A. It refers to an optional IPO process that allows a company to file DRHP with SEBI for review without immediately making commercially sensitive details public.
Q4. When was Razorpay founded?
A. Razorpay was founded in 2014.
Q5. Has Razorpay IPO debuted in the Indian stock market?
A. No. The Razorpay IPO has not yet debuted in the Indian stock market.
Q6. Who are the Book Running Lead Managers for Razorpay IPO?
A. The Book Running Lead Managers for Razorpay IPO are Axis Capital, Kotak Mahindra Capital, Citigroup Global Markets India and JPMorgan India.
Q7. What is Razorpay share price, allotment status, prize band and lot size?
A. For now, these details have not been disclosed by the company.
Q8. What is Razorpay unlisted share price?
A. Currently, the price of Razorpay unlisted shares is approx. Rs. 85.00 per share.
Q9. What is Razorpay net worth and revenue?
A. Razorpay has an estimated net worth of $7.5 billion. In FY25, the company reported a consolidated revenue of Rs. 3,783 crore.
Q10. What is Razorpay vs PhonePe IPO valuation?
A. Razorpay IPO is targeting a valuation of approx. $5 billion. PhonePe IPO, on the other hand, is targeting a valuation of approx. $10 billion.
Q11. What is Razorpay company valuation 2026?
A. The valuation of this company is estimated at $7.5 billion in 2026.
Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, finance and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.
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