Razorpay gets Sebi nod for ₹5,000-6,000 cr IPO, eyes $5 billion valuation

Fintech firm Razorpay has secured approval from markets regulator Sebi for its proposed initial public offering (IPO) of Rs 5,000-6,000 crore, sources familiar with the development said on Wednesday. The company is targeting a valuation of around USD 5 billion through the public offering, they added. The development comes after Razorpay submitted its draft IPO papers with Sebi through the...