Razorpay's IPO narrative hinges on MDR and AI, per Inc42 feature

Picture: Inc42 · see the original ↗

Razorpay has received SEBI's approval for an IPO to raise ₹5,000-6,000 Cr at a reported valuation of about $5 Bn, with listing expected between January and March 2027. Its core payments business is EBITDA profitable. Inc42 estimates the 0.4% MDR on large UPI transactions could add ₹192-461 Cr in annual revenue, or 15-36% of FY25 gross profit, depending on bank revenue-sharing and merchant negotiations.

Source: Inc42 ↗

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