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 Highlights

  1. PhonePe, SIDBI team up to digitize Udyam Assist registration for micro enterprises

  2. UPI in August: Debt collections, digital goods games, securities brokers see sharp value drop

  3. Insurtech startup Turtlemint files IPO papers via confidential route

  4. Amazon receives RBI nod for Axio acquisition

  5. ADIA sells entire stake in MobiKwik
  6. Read more news...

AI/Emerging Tech

  1. Mistral AI attracts $2 billion in Series C led by ASML

  2. Cognition AI raises $400 million in new funding led by Founders Fund

  3. Former Scale AI executive founded AI startup Isotopes AI bags $20 million in seed funding

  4. OpenAI acqui-hires Xcode coding assistant Alex

  5. Stripe launches new blockchain company Tempo in partnership with Paradigm
  6. Read more news...

Money & Machines

  1. What India's Gaming Ban Reveals About UPI; Why RBI wants AI to Fix Finance

  2. Journalism was already dying — AI wasn't the culprit

  3. IRCTC enters payments where giants bleed; RIP of RIP in AI

  4. Fintech founders shaping policy; India on AI map?

Editor's Pick

  1. Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

  2. Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

  3. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality