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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The fintech is gearing up to go public at a $5-6 billion valuation. Much like beauty, value lies in the eyes of the beholder, but public markets are rightly cross at obscene startup valuations.
In December 2021, when money was cheap and growth was gospel, Razorpay raised $375 million at a valuation of $7.5 billion. Five years on, the payment processing company is heading to the public markets with a reduced price tag: a valuation of $5-6 billion. Looks like this number is a stretch as well. There has been disagreement over valuation, with some investors putting it at under $3 billion, according to an industry executive in the know, who asked not to be named to speak freely.
It’s been almost four months since Razorpay confidentially filed draft papers for an initial public …
The loan aggregator keeps sending updates on WhatsApp even to users who haven’t applied for a loan. The company is exploiting a grey area in India’s telecom regulatory framework and WhatsApp’s policies.
Its Rs 1,050 crore bet on the five-year-old company—valued at an implied 11.2x revenue multiple and a promoter with baggage—raises serious questions around due diligence.
The fintech’s NBFC has seen its loan book decline by 92% in just two years and its global ambition has come undone. The company, though, keeps borrowing, restructuring and diversifying.
