Razorpay CEO Harshil Mathur announced plans for an IPO post-FY26, following the completion of the reverse flipping process to India within 6-12 months. The fintech unicorn, valued at over $7 billion, saw an annualized TPV of $150 billion as of February 2023. The company's payment business is profitable, with intentions to make non-payment segments profitable before the IPO.