Razorpay gets SEBI approval for ₹6,500 cr IPO, eyes $5 bn valuation: Report

Razorpay has received SEBI's approval for its IPO with the fintech firm planning to raise ₹5,500 crore-6,500 crore and is targeting a valuation of $5 billion (over ₹47,000 crore), CNBC-TV18 reported quoting sources. The Bengaluru-based company had filed its draft IPO papers confidentially with SEBI in June. Razorpay was previously valued at $7.5 billion in 2021, during a funding round.