India, April 20 -- Fintech unicorn Razorpay is preparing to file its DRHP via the confidential route in the next few weeks. 

As per an ET report, the company is planning to raise $600 Mn to $700 Mn (around Rs.4,980- Rs.5,810 Cr) at a valuation of $5 Bn to $6 Bn, lower than its last private valuation of $7.5 Bn. 

Razorpay declined to comment on Inc42's queries on its IPO plans. 

The development comes months after it was reported that Razorpay shortlisted four investment bankers - Axis Capital, Kotak Mahindra Capital, JP Morgan and Citi - to helm its IPO. 

Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay offers a full-stack payments and financial services platform, offering payment acceptance, disbursal...