Fintech startup Razorpay may pursue a confidential route to file for its IPO in the next few weeks, The Economic Times reported. The Bengaluru-based startup is looking to raise around $700 million (over ₹6,500 crore), with a valuation target of $5 billion (over ₹46,000 crore). The valuation range is lower than its peak valuation of $7.5 billion four years ago.