AdvertisementAdvertisementBusiness15 Jun 2026 11:19AM (Updated: 15 Jun 2026 11:27AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST June 15 : Indian payment gateway services provider Razorpay Software has confidentially filed draft papers for an initial public offering, a newspaper advertisement showed on Monday.The confidential route allows IPO-bound firms to keep their filings private until the launch of the public issue.Financial news publication Moneycontrol on Sunday reported that the proposed issue is expected to raise over $500-$600 million, while The Economic Times in April said that the confidential IPO filing was for a $600-700 million issue, with the valuation pegged at $5 billion-6 billion.Razorpay, backed by investors such as GIC, Y Combinator and Lightspeed, provides technology that enables businesses to accept online payments from customers. It also helps protect customers' sensitive information, reduces payment failures, and simplifies settlement of funds.The platform processes transactions through methods including credit and debit cards, UPI, net banking, buy now and pay later options and digital wallets. It earns revenue by charging a fee on transactions.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST