CosmicTaco

Razorpay Anticipates EBITDA Breakeven by FY26

CosmicTaco · 2024-11-04T16:19:44.724948+05:30

- Razorpay Inc. reported revenues of $325-330 million in FY24, with a 34% decrease in EBITDA loss to $50 million. - The company expects to declare a small EBITDA profit of $3-4 million in FY26, with a projected topline of $550-600 million. - The India unit showed a fivefold increase in net profit to Rs 35 crore ($4.2 million), but this becomes an overall loss in the US unit due to operational costs. - Razorpay is planning for an initial public offering after its flip from the US to India. - The company faces competition from PayU, Billdesk, Paytm, PhonePe, and Cashfree, and is working to secure large enterprise accounts. Source: [The Arc](https://thearcweb.com/article/payment-razorpay-breakeven-harshil-mathur-15zze5FSH1Ev4ep4)

Razorpay Inc. reported revenues of $325-330 million in FY24, with a 34% decrease in EBITDA loss to $50 million.
The company expects to declare a small EBITDA profit of $3-4 million in FY26, with a projected topline of $550-600 million.
The India unit showed a fivefold increase in net profit to Rs 35 crore ($4.2 million), but this becomes an overall loss in the US unit due to operational costs.
Razorpay is planning for an initial public offering after its flip from the US to India.
The company faces competition from PayU, Billdesk, Paytm, PhonePe, and Cashfree, and is working to secure large enterprise accounts.

Source: The Arc

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Software Engineers21mo

by FloatingPretzelSoftware Developer

Razorpay is too smart!

The company did around 10-15% silent layoffs in the last cycle by putting people in PIP. My Manager told me that he has pressure on him to put at least 1 or 2 people in PIP, make them leave the company and reduce costs.

Later, the c...

Top comments

Good thing. Anyways their frontend devs and PMs were doing everything on Twitter except tech.

Smart move by Razor pay, that’s why I love them

Same for Swiggy. Cost cutting, no increments,hiring interns and temps instead of sdes

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by FloatingHamsterSoftware Engineer

Razorpay increments - sad state

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Better than layoffs

I don't understand why people complain. 40-50% hikes are not god given rights regardless of how you worked. Company d...

Can confirm, I got promoted & still early double digit. Pathetic.

Company Reviews11mo

by GoofyQuokkaRazorpay

Razorpay silent layoffs and issues

Issue at @razorpay all other folks do pitch in. All other people who have offer from Razorpay or joining Razorpay please check this and ask the team from HR is that team is profitable before joining .