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Razorpay transitions into a public entity as it prepares for its upcoming IPO.

Publish Date : 21 Apr 2025

Razorpay has officially changed its name from Razorpay Software Private Limited to Razorpay Software Limited, converting into a public limited company.
This move is a key step toward Razorpay’s planned IPO, which is expected to take place in the next 18–24 months.
The company’s board approved the conversion in a recent shareholders' meeting, reflecting its commitment to preparing for public listing.
Razorpay is also working to redomicile from the U.S. to India, aligning its structure with Indian regulations and market expectations.
The redomiciling process is still underway and will be completed before the IPO launch.
The company aims to improve corporate governance and transparency as part of its IPO readiness strategy.
Razorpay’s transformation follows a broader trend among Indian fintechs like PhonePe, which also recently became a public limited company in preparation for an IPO.
The company was last valued at $7.5 billion in its December 2021 funding round.
It counts prominent investors such as Tiger Global, Sequoia Capital India, GIC, and Lone Pine Capital among its backers.

Source: https://inc42.com/buzz/gearing-up-for-ipo-razorpay-converts-into-public-entity/

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