Bengaluru-based payments firm Razorpay has appointed four leading investment banks, Axis Capital, Kotak Mahindra Capital, JPMorgan, and Citi, to manage its upcoming IPO.
The company plans to raise over $700 million through a mix of fresh issue and share sale by existing investors. Founded in 2014, Razorpay is backed by Tiger Global, GIC, and Peak XV, and is valued at around $9.2 billion.
The fintech generated revenue of nearly ₹3,900 crore in the fiscal year ending March 2025, marking its push toward a high-profile public listing.