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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

July 20, 2021
Razorpay acquires a lending startup TERA Finlabs for an undisclosed amount.
April 19, 2021
Razorpay raises $160,000,000 as part of its Series E round co-led by existing investors, Singapore's sovereign wealth fund GIC and Sequoia India, taking its valuation to a $3,000,000,000.
October 2020
Razorpay raises a $100,000,000 series D round from GIC Pte Ltd and Sequoia Capital India.
October 2020
Razorpay raises a $1,000,000,000 series D round from GIC Pte Ltd, Matrix Partners, Ribbit Capital, Sequoia Capital India, Tiger Global Management and Y Combinator.
October 2020
Razorpay raises a $1,000,000,000 series D round from GIC Pte Ltd, Matrix Partners, Ribbit Capital, Sequoia Capital India, Tiger Global Management and Y Combinator.
October 2020
Razorpay raises a $1,000,000,000 series D round from GIC Pte Ltd, Matrix Partners, Ribbit Capital, Sequoia Capital India, Tiger Global Management and Y Combinator.
October 2020
Razorpay raises a $1,000,000,000 series D round from GIC Pte Ltd, Matrix Partners, Ribbit Capital, Sequoia Capital India, Tiger Global Management and Y Combinator.
August 12, 2020
Razorpay launches Payment Buttons for SMEs.
March 2020
Razorpay says it has witnessed a 30 per cent month-on-month growth in payments from micro-entrepreneurs in the last 5 months of the lockdown.
2020
Razorpay Capital ramps up monthly credit disbursement from ₹300 crore to ₹800 crore through partners within a year.

Funding rounds

Patents

Products

People

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LinkedIn

Further reading

Title
Author
Link
Type
Date

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

Documentaries, videos and podcasts

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Companies

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CEO
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News

Title
Author
Date
Publisher
Description
September 29, 2021
https://www.outlookindia.com/
India's tier I and tier II cities would now become the next target audience for fintech companies because these towns have low levels of digitisation in banking associations.
Richard Dal Porto
September 20, 2021
TechCrunch
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Manish Singh
September 20, 2021
TechCrunch
Six-year-old Bangalore-based fintech Razorpay, which was valued at $3 billion in a financing round in April this year, has courted one more high-profile investor: Salesforce Ventures. Razorpay said on Monday it has received a "strategic investment" from the venture arm of the American enterprise giant. The investment will help the startup "further strengthen its presence [...]
Livemint
August 19, 2021
mint
Capital Float has partnered with Razorpay, to extend its buy now pay later (BNPL) solution--Walnut 369--to all Razorpay-enabled online merchants
Tarush Bhalla
July 19, 2021
mint
This is Razorpay's third acquisition since its inception
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References

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