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Razorpay To Shift Base To India By Year End; Eyes IPO In Next Two Years

Inc42 · 1y

Digital payments major Razorpay has announced plans to shift its headquarters from the US to India by the end of 2024. The company is in the process of seeking regulatory approval in both countries to facilitate the move. The decision is in line with Razorpay's plans to go public in the next two years. CEO Harshil Mathur stated that the shift is not solely focused on profits for the IPO but also forms a key part of the company's long-term plans. Razorpay has also partnered with Google and Open AI to enhance its payments and payroll business with AI-powered solutions.