Razorpay Stock Price, Valuation & IPO
Private company — Razorpay is privately held. Its shares are not listed on any public exchange and can only be accessed through private secondary transactions.
Status source: AXEVIL investment team
$192.00 per share (AXEVIL consensus estimate)
Source: AXEVIL consensus of recent secondary transactions · as of 1 September 2026
Last round valuation: $7.5B
Source: F, December 2021, post-money
Total raised: over $700M
Data last updated: 4 October 2026
About Razorpay
India's leading business payments platform — payment acceptance, payouts, and banking.
Razorpay is India's largest payment gateway, having grown from accepting cards and UPI into a full-fledged financial operating system for 12 million entrepreneurs. The legal entity is Razorpay Software Limited, founded in 2014 in Bangalore. Revenue grew from $178 million to $440 million since the last round. The legal relocation to India was completed in May 2025 and cost approximately $150 million in tax — a mandatory condition for listing on Indian exchanges. On June 12, 2026, a confidential prospectus was filed with SEBI, with the listing targeted for late 2026 — first half of 2027. Last round Series F at a valuation of $7.5 billion (December 2021); a total of over $700 million has been raised.
- Sector: Fintech
- Headquarters: Bangalore, India
- Founded: 2014
Key highlights
- The prospectus has already been filed, not discussed. A confidential document has been filed with SEBI since June 12, 2026, organizers have been hired, placement is targeted for late 2026 — first half of 2027.
- Offering price below peak with tripled revenue. The valuation of $5–6 billion compared to $7.5 billion in December 2021 resulted from an overall re-evaluation of Indian financial technologies, and not from the deterioration of the company itself: revenue for the same period grew from $178 million to $440 million.
- The legal relocation to India has been completed and paid. The change of domicile in May 2025 cost about $150 million in tax and was a mandatory condition for listing on Indian exchanges.
- The company was the first to occupy the niche of agency payments. The Agent Studio platform on Claude Agent SDK from Anthropic is launched in March 2026, and a pilot with national payment operator NPCI is converting UPI payments into a conversational format.
Funding rounds
| Date | Round | Price / share | Post-money valuation |
|---|---|---|---|
| 16 December 2021 | F | $213.40 | $7.5B |
| 16 August 2021 | E | $91.06 | $3B |
| 16 October 2020 | D | $32.06 | $1B |
| 16 June 2019 | C | $15.90 | $450M |
| 16 January 2018 | B | $5.53 | $120M |
| 16 October 2015 | A | $1.98 | $30M |
Latest news
- Razorpay partnered with OpenAI to launch advertising in ChatGPT for Indian brands — 4 October 2026
- Analysts: new MDR fee on UPI could add Razorpay up to $1 billion in valuation, PhonePe — $2–3 billion — 1 October 2026
- The Morning Context: Razorpay is preparing for an IPO at a valuation of 5–6 billion dollars — an analysis, is such a price justified for the public market — 30 September 2026
Frequently asked questions
How can I buy Razorpay stock before the IPO?
Not on a public exchange — Razorpay is privately held. Shares change hands only in private secondary transactions. AXEVIL structures those as dedicated US special purpose vehicles for accredited investors, subject to availability and to the rules of your jurisdiction.
What is the Razorpay stock price?
A private company has no single official share price. AXEVIL's consensus estimate is $192.00 per share as of 1 September 2026. Its most recent round implied a post-money valuation of $7.5B (December 2021).
What is Razorpay's valuation (net worth)?
Razorpay's most recent funding round valued the company at $7.5B post-money (December 2021) — the latest primary-market measure of what the company is worth. Secondary trades can price its shares above or below that round.
When will Razorpay IPO?
No listing has been announced. AXEVIL does not forecast IPO dates — this page states what has actually been filed or reported, with the date it was last checked.
Is Razorpay publicly traded?
No. Razorpay is a private company and its shares are not listed on any public exchange.
Does Razorpay have a stock symbol?
No. Razorpay has no ticker symbol because its shares are not listed on any exchange; a symbol is assigned only at an IPO or direct listing.
Similar companies
- Revolut — Fintech
- Ramp — Fintech
- Stripe — Fintech
- Netskope — Cybersecurity
- Zipline — Transportation
- Glean — Enterprise Software
Risk disclosure
Nothing on this page is an offer to sell or a solicitation to buy any security, and it is not investment advice. Valuations and share prices shown here are AXEVIL estimates built from primary sources — filings, announced rounds and completed secondary transactions — not quoted market prices, and they can be revised. Private-company shares are illiquid, may be impossible to sell, and the entire amount invested can be lost. Availability depends on your jurisdiction and on accredited-investor status.