From Wikitia
Jump to navigation Jump to search
Privately held company
  • Fintech
  • Payments Service Provider
  • Shashank Kumar
  • Harshil Mathur

Razorpay is an India-based, fintech company that provides payment gateway services to vendors, merchants and ecommerce platforms.[1] It is an online system that is designed to handle end-to-end payments that can also be integrated with different websites and apps.[2] The company was founded by IIT Roorkee alumni Shashank Kumar and Harshil Mathur in 2014. It is headquartered in Bangalore, India.[3]


In 2014, Shashank Kumar and Harshil Mathur met in IIT Roorkee when the duo decided to work on a crowdfunding platform. However, they realized that online payment was a problem for SMBs and SMEs, especially the ecommerce companies. Therefore, they formed Razorpay to solve this problem.[4][5] The idea of Razorpay was to bring a payment gateway for startups who can easily integrate this system on their websites.

In 2020, due to the pandemic, many small businesses suffered a huge loss and cash flow was also highly affected. To solve this problem, Razorpay announced Cash Advance, a collateral free line of credit for rescuing MSMEs from uncertain conditions.[6] Shashank Kumar said in an interview that this service was supposed to help their partner businesses to come out of the crisis and help them in these unpredictable times.[7] As per a report by Business Standard, Razorpay and National Payments Corporation of India|National Payment Corporation of India (NPCI) partnered to launch a recurring payment system called UPI Autopay. It made payment easier for consumers and helped them take more control over it. Prior to this, debit card was the only mode of automated payments but the experience was not quite good.[8] Razorpay was ranked at 6th position in LinkedIn’s top 10 Startups list.[9]

In 2021, Razorpay and Mastercard joined hands to provide digital payment support to MSMEs. Both companies made a strategic partnership in which Mastercard’s digital banking solutions were combined with Razorpay’s payment capabilities. The partnership is supposed to help micro, small and medium businesses to keep their operations running through digitization and preparing them for the future beyond cash. [10][11][12][13]


In 2015, Razorpay participated in Y Combinator W15 cohort where they received a funding of $120,000 and a 3-month accelerated support and mentoring from Y Combinators mentors and investors.[14][15] After this they received a seed funding of $2.6 million in funding in Y Combinator’s seed funding round on March 23, 2015. The investors who contributed for the total investments included Soma Capital, Matrix Partners India, Tikhon Bernstam, Sandeep Tandon, Rohit Bansal, Ram Shriram, Punit Soni, Naveen Tewari, and Michael Sutcliff.[16][17] Razorpay also completed their Series A funding in the same year on October 27, 2015 with a total of $9 million from Tiger Global Management and Matrix Partners India.[18]

In 2016, they completed the venture funding round with a total of $100,00 in funding from Mastercard. Following that, Razorpay picked up the Series B funding worth $20 million from Y-Combinator, Matrix Partners, and Tiger Global Management.[19][20]

On June 18, 2019 Razorpay raised $75 million in Series C funding round from Sequoia Capital|Sequoia Capital India, Ribbit Capital, Y-Combinator and Tiger Management Global.[21][22][23]

In 2020, Razorpay completed their Series D funding and successfully became a unicorn that raised $100 million funding. The investment round was led by GIC (Singaporean sovereign wealth fund)|GIC and Sequoia India, along with Ribbit Capital, Tiger Global, Y Combinator and Matrix Partners.[24][25][26]

After becoming a unicorn, Razorpay completed the Series E funding round and raised $160 million, in April 2021, that was co-led by Sequoia Capital India and GIC. [27][28][29]


  • Acquired ThirdWatch in 2019, an AI-powered company that specializes in big data to reduce return-to-origin and fraud orders for e-commerce businesses.[30][31]
  • Acquired Opfin (RazorpayX) in 2019, a payroll management firm.[32][33][34]
  • Acquired TERA Finlabs in 2021, an AI-based risk tech SaaS platform.[35][36][37]


  1. "Razorpay The Story The Lastest Unicon in Fintech". Dutch Uncles. 2021-01-18. Retrieved 2021-08-16.
  2. "Startup Story". corporatecitizen.in. Retrieved 2021-08-16.
  3. Rangaiah, Mallika. "The Success Story of Razorpay | Analytics Steps". www.analyticssteps.com. Retrieved 2021-08-08.
  4. Rangaiah, Mallika. "The Success Story of Razorpay | Analytics Steps". www.analyticssteps.com. Retrieved 2021-08-08.
  5. "The Razorpay Story". SmartCEO. 2017-02-06. Retrieved 2021-08-08.
  6. Abrar, Peerzada (2020-09-07). "Razorpay starts lending service for small businesses hit by Covid-19". Business Standard India. Retrieved 2021-08-08.
  7. "Razorpay launches collateral free line of credit for SMEs". The Economic Times. Retrieved 2021-08-08.
  8. Ramesh, G.; Jangid, Anand; Sivamalai, Lewin; Rebelly, Aishwarya Bharathi (2020). "NPCI: Chartering a Payment Freeway". SSRN Electronic Journal. doi:10.2139/ssrn.3760921. ISSN 1556-5068.
  9. Ramesh, G.; Jangid, Anand; Sivamalai, Lewin; Rebelly, Aishwarya Bharathi (2020). "NPCI: Chartering a Payment Freeway". SSRN Electronic Journal. doi:10.2139/ssrn.3760921. ISSN 1556-5068.
  10. "Mastercard, Razorpay join hands to make digital payments more accessible for MSMEs". The Economic Times. Retrieved 2021-08-08.
  11. "Mastercard and Razorpay join hands to make digital payments more accessible for MSMEs and startups". www.mastercard.com. Retrieved 2021-08-08.
  12. "Mastercard and Razorpay join hands to make digital payments more accessible for MSMEs and startups - Small Business Cafe". Retrieved 2021-08-08.
  13. Ritchie, Harriet (2021-02-24). "MICROCAPITAL BRIEF: Mastercard, Razorpay to Increase Access to Recurring Payments for Startups, SMEs in India". MicroCapital. Retrieved 2021-08-08.
  14. "Online payment start-up Razorpay raises $120,000 from YCombinator". www.franchiseindia.com. Retrieved 2021-08-08.
  15. "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2021-08-08.
  16. Sewell, Dawson; Manipula, Melanie; Jhaveri, Neelam; Ogolla, Henry; Nisay, Aime Anne; Suter, Will; Sar, Amy; Christiansen, Jed; Holm, Aleksander. "Razorpay - Wiki". Golden. Retrieved 2021-08-08.
  17. "ETtech Morning Dispatch on Feb 25, 2021: Razorpay's big billion days". The Economic Times. Retrieved 2021-08-08.
  18. Asia, Malavika Velayanikal / Tech in (2015-10-27). "Fintech start-up Razorpay secures $9 million in series A funding". Business Standard India. Retrieved 2021-08-08.
  19. anthologies, Rupsa Das View More Posts With over 5+ years of experience in the field of; Writing, More Than a Year of Experience in the Field of Content; Das, Rupsa; student, an English Literature; Anthologies, Is a Co-Author of 20+; companies, compiler of two anthologies She had worked with some online news portal; Marketing, Digital; PR, travel blogging companies She is currently serving as the; Br. "Razorpay Startup: $3B Idea that was Rejected by 100 Banks". thedigitalyug.com. Retrieved 2021-08-08. {{cite web}}: |first5= has generic name (help)
  20. "Digital Payments Startup Razorpay Raises $20 Mn Series B Funding From Tiger Global And Y Combinator". Inc42 Media. 2018-01-15. Retrieved 2021-08-08.
  21. PYMNTS (2019-06-18). "Razorpay Notches $75M In Series C Round". www.pymnts.com. Retrieved 2021-08-08.
  22. Writer, Staff (2019-06-18). "Razorpay raises $75 mln from Sequoia Capital, Ribbit Capital". mint. Retrieved 2021-08-08.
  23. "B2B Fintech Startup Razorpay Raises $75 Mn From Ribbit Capital, Sequoia". Inc42 Media. 2019-06-18. Retrieved 2021-08-08.
  24. "Razorpay Turns Unicorn With $100 Million Series D Funding". Forbes India. Retrieved 2021-08-08.
  25. "India's Razorpay raises funds at $3 billion valuation ahead of Southeast Asia launch". TechCrunch. Retrieved 2021-08-08.
  26. Singh, Shipra (2020-10-12). "Razorpay Becomes Fifth Fintech Unicorn After Raising $100 Mn in Series D Funding". Entrepreneur. Retrieved 2021-08-08.
  27. Bhalla, Tarush (2021-04-19). "Razorpay's valuation triples in six months on latest fundraise". mint. Retrieved 2021-08-08.
  28. "Razorpay raises $160 million at $3 billion valuation, plans for more acquisitions". Business Insider. Retrieved 2021-08-08.
  29. "Razorpay raises $160 mn funding from Sequoia Capital, GIC, others; Valuation triples to $3 bn". The Financial Express. 2021-04-19. Retrieved 2021-08-08.
  30. Abrar, Peerzada (2019-08-05). "Razorpay acquires Gurgaon-based fraud prevention AI startup Thirdwatch". Business Standard India. Retrieved 2021-08-08.
  31. Bhakta, Pratik. "Razorpay buys fraud analytics firm Thirdwatch". The Economic Times. Retrieved 2021-08-08.
  32. "Business boost: Razorpay acquires Opfin; to promote digital growth". The Financial Express. 2019-11-23. Retrieved 2021-08-08.
  33. Nov 23, TNN / Updated:; 2019; Ist, 12:12. "Payments company Razorpay buys payroll management firm Opfin - Times of India". The Times of India. Retrieved 2021-08-08.{{cite web}}: CS1 maint: extra punctuation (link) CS1 maint: numeric names: authors list (link)
  34. "Razorpay acquires Opfin, introduces corporate credit cards with RBL". Business Insider. Retrieved 2021-08-08.
  35. PYMNTS (2021-07-19). "Razorpay Acquires Startup TERA Finlabs". www.pymnts.com. Retrieved 2021-08-08.
  36. "Razorpay acquires TERA Finlabs in push for startup, MSME loans". The Economic Times. Retrieved 2021-08-08.
  37. Bhalla, Tarush (2021-07-19). "Razorpay acquires TERA in its 3rd buyout". mint. Retrieved 2021-08-08.

External links

Add External links

This article "Razorpay" is from Wikipedia. The list of its authors can be seen in its historical. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace.