Razorpay eyes to process $750 bn P2M payments by 2030: CFO Arpit Chug

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Razorpay eyes to process $750 bn P2M payments by 2030: CFO Arpit Chug - Business Standard

Quick Summary:

It is intensifying its efforts to achieve profitability in all its businesses as it is planning an initial public offering (IPO) in 2-3 years.

The firm has taken a measured approach to scale up its headcount.“We've never had a situation where we needed to cut costs or (lay off) people,” said Chug.“We've generally been conservative on not hiring ahead of time or having an excess number of people and then worrying about that.

Razorpay made its foray into Malaysia in 2022 and is already seeing huge traction there.“The entire Southeast Asia market is at a (point) where India was 7-8 years ago.