Razorpay eyes confidential IPO but investors may demand proof of growth and profitability

Published on 24 April 2026

Valuation could slip to about $5 billion before filing

Razorpay is reportedly preparing a confidential IPO filing, but investors may scrutinize whether its growth is sustainable and how quickly it can reach profitability. The startup, previously valued at $7.5 billion, could face valuation pressure, with estimates pointing to roughly $5 billion. The move also comes after Walmart-backed PhonePe paused its $1.3 billion IPO due to geopolitical concerns.

Razorpay plans a confidential IPO filing soon
Investors may focus on growth sustainability and path to profits
Estimated valuation could fall toward $5 billion
PhonePe’s IPO pause adds uncertainty to the timing

#phonepe #razorpay #ipo #valuation #fintech

Read the full story at The Economic Times

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Razorpay eyes confidential IPO but investors may demand proof of growth and profitability

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