Razorpay, India’s leading payments and business banking platform, reported a 65% year-on-year growth in consolidated revenue for FY25, reaching Rs 3,783 crore compared to Rs 2,296 crore in FY24. The Bengaluru-based fintech firm’s growth was driven by strong execution across its payment gateway, banking, POS, and international businesses. Gross profit rose 41% YoY to Rs 1,277 crore, highlighting improved operational efficiency.

Despite robust top-line growth, Razorpay posted a loss in FY25, primarily due to ESOP-related expenses of Rs 1,209 crore, alongside restructuring and tax costs linked to its redomiciling to India. CEO Harshil Mathur emphasized that FY25 was a pivotal year, with online payments now EBITDA-profitable and newer business verticals showing promising traction.

CFO Arpit Chug noted a focus on financial discipline and efficient capital allocation, balancing mature cash-generating units with emerging growth areas. Razorpay plans to accelerate product-led growth, invest in AI-first products, and expand its financial infrastructure, with an international push in Southeast Asia, including Malaysia and Singapore.

Founded in 2014 by IIT Roorkee alumni, Razorpay has raised over $800 million from investors including Lightspeed, Tiger Global, Peak XV Partners, and GIC. Strong performance and strategic investments, including the $30 million acquisition of UPI app POP, position Razorpay as a potential IPO candidate in FY27.