Razorpay's Rs 6,000 Cr IPO May Hinge on MDR and AI
Payments firm Razorpay is preparing for a planned IPO of about Rs 6,000 crore. An Inc42 report says two terms, MDR and AI, could shape how the deal is seen. The report recalls that CEO Harshil Mathur spoke about these topics in March at the company's annual flagship event.
Quick glossaryRazorpay, MDR, IPO, AI
- Razorpay
- An Indian company that provides online payment tools that help businesses accept payments from customers, best known for its payment gateway.
- MDR
- The fee a shop or business pays to accept card or digital payments from customers.
- IPO
- When a company sells its shares to the public for the first time, so anyone can buy them.
- AI
- Computer systems that learn patterns from data to do tasks like understanding language or making predictions.
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