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Razorpay

Razorpay

A financial technology company providing payments solutions that allow businesses to accept, process and disburse payments.

Razorpay is a financial technology headquartered in Bangalore, India that was founded by Harsil Mathur and Sashank Kumar in 2014. The company provides payments solutions that allow businesses to accept, process and disburse payments.  Razorpay participated in the W15 cohort of Y Combinator and was the second startup in India to be selected to be selected for Y Combinator.



Funding

Y Combinator

In 2015 Razorpay participated in Y Combinators W15 cohort and received $120,000 in funding plus 3-month acceleration support and mentoring from Y Combinator and other investors/mentors in Silicon Valley. 

Seed

On March 23, 2015 Razorpay completed their seed funding round with $2.6 million in funding from Y Combinator, Soma Capital, Matrix Partners India, Tikhon Bernstam, Sandeep Tandon, Rohit Bansal, Ram Shiriram, Punit Soni, Naveen Tewari, and Michael Sutcliff. 

Series A

On October 27, 2015 Razorpay completed their series A funding round with $9 million in funding from Tiger Global Management (lead investor), and Matrix Partners India. 

Series B

On January 15, 2018 Razorpay completed their series B funding round with $20 million in funding from Tiger Global Management (lead investor), Y Combinator, and Matrix Partners. 

Venture

On July 1, 2016 Razorpay completed a venture funding round with $100,000 in funding from MasterCard. 

Series C

On June 18, 2019 Razorpay completed their series C funding round with $75 million in funding from Sequoia Capital India (lead investor), Ribbit Capital (lead investor), Y Combinator, and Tiger Global Management. 

Timeline

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Further reading

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India's Razorpay nabs $20M led by Tiger Global for its Stripe-like payment gateway

Ingrid Lunden

Web

January 15, 2018

Jaipur based RazorPay becomes the second India focused startup to be selected for YCombinator

Harshith Mallya

Web

March 23, 2015

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References