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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

2014

Razorpay was founded by Shashank Kumar and Harshil Mathur.

Funding rounds

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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

Documentaries, videos and podcasts

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Companies

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News

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Date
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Description
January 28, 2020
Entrackr
Jitendra has spent more than seven years in journalism. He had been founding-member of content startups such as Newzstreet, Indiasamvad and iamwire. Prior to that he did long, deeply reported feature stories for The Indian Express and handled desk at IANS. Among the things that excite him is wonder about life and its creative potential in every sphere.
Peerzada Abrar
January 27, 2020
@bsindia
All the findings in this report are based on transactions held on the Razorpay platform from January 2018 to December 2019
Press Trust of India
January 21, 2020
@bsindia
Owing to the growth of UPI, share of wallets continue to decline despite the increase in the number of transactions, the report said.
Peerzada Abrar
January 15, 2020
@bsindia
Read more about No need to wait for 7 days: Razorpay unveils 'Instant Refunds' technology on Business Standard. This new feature activates refunds and credits the customer's source account across payment methods such as IMPS, credit card, net banking and UPI within a minute of initiation
November 22, 2019
Moneycontrol
Acquires Payroll Management company, Opfin and launches current accounts.
November 13, 2019
Entrackr
Razorpay and Moglix - are going to purchase their employees' vested stock options powered by their existing backers, Ribbit Capital and Sequoia Capital.

References