Razorpay eyes group profitability ahead of IPO plans, expands to Singapore

Indian fintech firm Razorpay Software has earmarked group profitability as a key milestone on the road to a stock market listing, which it intends to stage within the next three years.

The Tiger Global Management-backed company is focused on becoming profitable on a consolidated basis across all business verticals, said Shashank Kumar, co-founder and managing director of Razorpay in an interview with Bloomberg News.