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Reverse Flip

Razorpay flips back to India at a $150 million cost

Razorpay flips back to India at a $150 million cost

29 May 2025, 17:00 PM

The development comes weeks after Razorpay officially restructured itself into a public limited company, a key step toward its anticipated IPO.

Razorpay converts into public entity amidst reverse flipping back to India

Razorpay converts into public entity amidst reverse flipping back to India

20 Apr 2025, 20:55 PM

This development follows the recent approval of the merger between Razorpay Inc. and Razorpay India by the Regional Director in Hyderabad.

Exclusive: Pine Labs gets NCLT nod for reverse merger

Exclusive: Pine Labs gets NCLT nod for reverse merger

10 Apr 2025, 11:10 AM

On April 9, the NCLT sanctioned the scheme of amalgamation between Pine Labs Private Limited (India) and Pine Labs Limited (Singapore).

Groww’s valuation falls below $2 billion due to domicile shift back to India

Groww’s valuation falls below $2 billion due to domicile shift back to India

21 Nov 2024, 18:44 PM

If a report is to be believed then Razorpay - which is also planning to move its domicile to India - may see a similar 30-40% cut in fair market value.

Fintech Hightlights

  1. Cross-border payments startup Aspora bags $53 million in Series B funding

  2. Mahaveer Finance raises Series C funding from Elevation Capital, others

  3. Techfino secures Rs 65 crore funding from Stellaris, Saison

  4. UGRO Capital to acquire Profectus for $162 million

  5. Saswat Finance bags pre-Series A funding led by Ankur Capital

  6. Read more highlights...

AI/Emerging Tech

  1. Darwix AI bags seed funding

  2. Google plans to snap ties with Scale AI after Meta's "significant" investment

  3. India’s domestic AI market to more than triple to $17 billion by 2027: BCG

  4. Read more highlights...

Editor's Pick

  1. RBI vs Government: The battle over India’s digital payments ecosystem explained

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case

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