Razorpay Picks Axis Capital, Kotak Mahindra Capital, JP Morgan and Citi for Proposed $700 Million IPO
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Razorpay picks axis Capital, Kotak Mahindra Capital, JP Morgan and Citi for proposed $700 million IPO. Razorpay has reportedly picked 4 investment banks as it begins work on a proposed IPO that could raise over $700 million. Razorpay has appointed 4 investment banks as it starts preparations for a proposed Initial Public Offering (IPO) expected to raise more than $700 million, as per The Moneycontrol report. Axis Capital, Kotak Mahindra Capital, JP Morgan and Citi have been selected after recent pitches. The issue is likely to combine fresh share issuance with an offer for sale by existing investors. As per the report, the discussions are at an early stage. More banks could be added to the syndicate later if needed. Razorpay company and funding details. Founded in 2014 by IIT Roorkee graduates Harshil Mathur and Shashank Kumar, Razorpay operates a payments and banking platform for businesses. The Bengaluru-based firm is backed by investors including GIC, Peak XV, and Tiger Global. Data from Tracxn shows it has raised about $742 million across 11 funding rounds. Its post-money valuation stood at $9.2 billion as of June 2025. Revenue for the year ended March 31, 2025, was around ₹3,900 crore. Business and recent developments. Razorpay offers payment acceptance, processing and payout services across cards, net banking, UPI, and digital wallets. Businesses use the...
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