Fintech unicorn Razorpay has completed a major corporate restructuring by shifting its parent company from the US to India.
This was done through a reverse flip merger, where Razorpay’s US-registered parent merged with its Indian subsidiary, Razorpay Software India Private Limited. This move consolidates operations under Indian jurisdiction.
Why this matters:
Razorpay is now focusing on strengthening its financials ahead of an Initial Public Offering (IPO).
The IPO is expected to happen around the financial year 2027-28.
The company plans to maintain a clean financial record for 6-8 quarters before launching the IPO.
Background:
Razorpay started in 2014, founded by Shashank Kumar and Harshil Mathur.
It has raised over $740 million from top investors including Y Combinator, Sequoia Capital India, MasterCard, and others.
The latest valuation stood at about $7 billion.
This move is part of a broader trend where Indian startups like Groww and Zepto are shifting headquarters to India, helped by government reforms that speed up reverse mergers—from 12-18 months to just 3-4 months.
