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The Latest Breaking News from RazorPay

Razorpay begins IPO process; files confidential DRHP to raise Rs 5,000-6,000 crore

Fintech major Razorpay has officially commenced its IPO journey by filing its draft red herring prospectus with SEBI, aiming to raise Rs 5,000-6,000 crore. This move follows shareholder approval for a fresh issue and an offer-for-sale component, marking a significant step after its reverse flip to India.

The Economic Times

Razorpay confidentially files IPO papers with Sebi

Fintech firm Razorpay is preparing for its stock market debut. The company has confidentially filed for an initial public offering. Razorpay aims to raise between $600 million and $700 million. Its valuation is expected to be between $5 billion and $6 billion. This move signals a significant step for the…

The Economic Times

Indian founders flip Y Combinator’s $25,000 AI tokens for quick bucks

A grey market for discounted AI credits has emerged following Y Combinator's Startup School in India. Attendees are selling free credits for AWS, Azure, and OpenAI at reduced prices, with some facing activation issues and restrictions. These messages are from founders, engineers and student builders.

The Economic Times

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Lightspeed eyes new India fund, plans smaller corpus of $300–350 million amid AI focus

The venture capital firm, which was initially looking to raise as much as $500 million for its fifth India fund, has now cut the target size to around $300-350 million, the people said, requesting anonymity as the discussions are private.

The Economic Times

Best Crypto Payment Providers in India

A growing number of Indian businesses are turning to crypto payments to serve global clients and online platforms. Businesses are drawn by faster payments, lower fees, and greater reach. Crypto payment gateways are being used in addition to traditional payment methods. This guide covers key crypto payment providers for businesses…

inkl

Top Payment Gateways for Accepting INR & International Payments

If you're running a business or offering services online from India, having a payment gateway to accept payments in Indian Rupee (INR) is a necessity.

Geekflare

Razorpay allows staff to insure siblings, cover HIV, PCOS

Razorpay introduces inclusive health insurance policy covering siblings, LGBTQIA+ partners, parents, and critical treatments like HIV/AIDS.

The Hindu

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Karnataka High Court relief to Razorpay in one of the Chinese-controlled loan apps fraud cases

The High Court of Karnataka has quashed criminal proceedings initiated against Bengaluru-based payment gateway, Razorpay Software Pvt. Ltd., by the Enforcement Directorate (ED), for allegedly facilitating the transfer of “proceeds of crime” generated through extortion of borrowers by a Mumbai-based non-banking finance company (NBFC) through mobile-based loan apps, allegedly controlled…

The Hindu

Union government, Election Commission’s RTI portals face ‘emergency maintenance’, data leaks

Government RTI portals face technical issues, compromising data security and accessibility for applicants, raising concerns about transparency and accountability.

The Hindu

Betbarter Review for India Players

Betbarter com is a young and promising sports betting site. It is aimed at local players in India, and therefore offers betting in rupees, advantageous payment systems, and a welcome bonus of INR 100. Year of foundation 2017 The company Sky Infotech ...

USA Today Sports Media Group

Razorpay buys Ezetap for $150 million

BENGALURU: Indian fintech unicorn Razorpay has acquired payments platform Ezetap in a deal that values the latter at around $150-200 million. It is Razorpay's largest acquisition so far. It's largely a cash deal, with a small equity portion.

The Times of India

NL Interview with Zubair: ‘They said India is so poor, why would anyone donate to you for fact-checking?’

You’re back in Bangalore? With your family? How has it been since you returned home?

Newslaundry

Zubair gets bail in case over 2018 tweet, but will stay in jail

A Delhi court on Friday granted bail to Alt News cofounder Mohammed Zubair in a case filed against him by the Delhi police for hurting religious sentiments through a 2018 tweet that an anonymous tweeter had found offensive. Zubair, however, will remain in jail as he has been remanded in…

Newslaundry

'We don’t go by tweets': Court to cops in Delhi case against Zubair

Hearing the bail plea of Alt News cofounder Mohammed Zubair, who was arrested last month in connection with a case filed in the national capital over a 2018 tweet, a Delhi court Thursday asked why the statement of the “victim” was not recorded.

Newslaundry

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The Hindu

PAN, address of Alt News donors not shared with police, says Razorpay

Razorpay CEO issues statement after Alt News has said donor data shared without informing it

Newslaundry

Was Razorpay legally bound to share Alt News’s data? Yes and no

You’re online, you stumble across a cause you support, you decide to donate. A few clicks later, you’ve entered your payment details, the amount is debited, and you’re done. This is possibly just one of many, many transactions you’ve made that day.

The Hindu

Alt News denies FCRA violations

Razorpay blocks donations to Alt News for a day after FCRA charges

The Hindu

Hacker steals ₹7.3 crore from payment gateway company Razorpay in Bengaluru

The hacker stole ₹7.3 crore over three months by manipulating the authorisation process of the payment gateway company to authenticate 831 failed transactions

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