India, May 29 -- Nearing its initial public offering (IPO) preparation, fintech major Razorpay has completed the reverse flip, merging its Delaware-registered parent entity with Indian subsidiary, Razorpay Software India Pvt Ltd, to consolidate operations in the country

"Yes, we've officially completed our reverse flip, and we couldn't be more proud. This move marks a pivotal milestone in Razorpay's journey," said Shashank Kumar, cofounder and managing director at Razorpay.

This comes over a month after the startup converted into a public company. Back then, Razorpay said in a regulatory filing that it got the approval of its members at an extraordinary general meeting held on March 27 to change its name to 'Razorpay Software Limited' f...