ET Soonicorns Summit: Razorpay CFO Arpit Chug says growth key ahead of IPO

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As Indian startups prepare for public listings and the debate between growth and profitability heats up, Razorpay chief financial officer (CFO) Arpit Chug said profitability may be the buzzword of the past year, but growth remains the stronger driver of initial public offering (IPO) readiness.

“We are over-indexing in the last 12 to 15 months on the idea that if you have to go public, you have to be profitable. I’m not saying profitability is bad, but growth is actually more important,” Chug said during a panel discussion at the ET Soonicorns…



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ET Soonicorns Summit: Razorpay CFO Arpit Chug says growth key ahead of IPO



As Indian startups prepare for public listings and the debate between growth and profitability heats up, Razorpay chief financial officer (CFO) Arpit Chug said profitability may be the buzzword of the past year, but growth remains the stronger driver of initial public offering (IPO) readiness.

“We are over-indexing in the last 12 to 15 months on the idea that if you have to go public, you have to be profitable. I’m not saying profitability is bad, but growth is actually more important,” Chug said during a panel discussion at the ET Soonicorns…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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