Company · Fintech
Razorpay.
IPO Pipeline · Confidential DRHP filed Jun 2026 · end-2026 target
~₹5,700 Cr (₹2,700 Cr fresh + OFS) at a reported ~₹60,000 Cr (~$6.8bn): below the $7.5bn private peak; Axis, Kotak, JPMorgan, Citi mandated. The bellwether print for every fintech mark — reports conflict on the discount: ~₹60,000 Cr talk vs '~$2.5bn below the private mark' expectations Full pipeline →
Equity holders · 4
| Firm | Entered | Entry | Status | 12-mo | Read |
|---|---|---|---|---|---|
| Peak XV Partners | 2015 | Series A | Unicorn | ▲ | Confidential DRHP filed; ~$5-6bn expected: the next big realisation |
| Lightspeed India | 2015 | Early | Unicorn | ▲ | IPO-bound 2026 |
| Z47 | 2015 | Early | Unicorn | ▲ | Confidential DRHP Jun 12, 2026: ₹5,000-6,000 Cr at $5-6bn (below $7.5bn private peak) |
| Tiger Global | 2019 | Growth | Unicorn | ▲ | Reverse-flipped to India; DRHP filed: cross-held with Peak XV, Lightspeed, Z47 |
Aggregated from Gravitywell's tracked position books: covered firms only, not the full cap table. Entries, stages and reads are per-holder reconstructions from public disclosures (E). Point-in-time as of Aug 2026.
Stay ahead