Razorpay confidentially files draft paper for IPO, looks to raise $600 million: Report

Bengaluru-based fintech Razorpay has confidentially filed draft papers for an IPO sized at around $600 million, targeting a stock market debut by the end of 2026. The company, backed by Y Combinator, Lightspeed and Singapore's GIC, was last valued at $7.5 billion in a 2021 fundraise of $375 million. Axis Capital, JPMorgan, Citi and Kotak Mahindra Capital are advising on the issue.