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SUMMARY
Razorpay slipped into losses in FY25 due to a post-ESOP expense of INR 1,209 Cr tied to its reverse flip to India, even as operating revenue surged 65% YoY to INR 3,783 Cr
After completing its reverse flip in March 2025 and becoming a public entity in April, Razorpay is eyeing an IPO within FY27
The company expects its India business to be profitable by FY26 and consolidated profitability two to three quarters later
Despite a robust uptick in its top line, fintech major Razorpay slipped into the red in the fiscal…
