👩🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔♂️ A friendly human may check it before it goes live. More news here
🧔♂️ A friendly human may check it before it goes live. More news here
Razorpay eyes profitability ahead of IPO, expands to SG
Indian fintech company, Razorpay, is focused on achieving group-wide profitability as it prepares for a potential initial public offering (IPO) within three years, according to co-founder and managing director Shashank Kumar.
Its core payments business is profitable, but group losses stem from neo-banking and lending. Razorpay posted a US$4 million net income in FY24.
To drive growth, Razorpay expanded to Singapore in March and is eyeing Thailand, Vietnam, the Philippines, and the Middle East.
The company targets US$5 billion in payment volume from these markets, focusing on real-time payments and cross-border transactions.
Recent Razorpay developments
| Timeline |
|---|
05-Dec-2024 🚀 Razorpay, Swiggy, others join India’s Startup Policy Forum
|
26-Oct-2023 💳 In 50 Words: Razorpay’s Curlec joins PayNet, targets $2b in transactions by 2025
|
12-Sep-2023 📈 Razorpay extends digital invocing capabilities with BillMe acquisition
|
12-Jul-2023 💳 Razorpay launches payment gateway in Malaysia via Curlec
|
16-Aug-2022 💰 Razorpay acquires majority stake in digital payments peer
|
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.