Razorpay

Razorpay's story began in 2014 when Harshil Mathur and Shashank Kumar recognized the challenges within India's online payment landscape. They identified a significant opportunity to democratize online payments for Indian businesses, particularly startups and SMEs. Over the past nine years, Razorpay has evolved from a single-product company focused on payment gateways to a comprehensive financial solutions provider, offering both payment and banking solutions. Today, Razorpay is transforming traditional financial complexities, revolutionizing money movement for innovative businesses.

Razorpay's growth mirrors the expansion of India's digital economy. From small shops in Kashmir using Razorpay's POS devices to textile exporters in Kanyakumari accepting international payments, Razorpay has reshaped how businesses manage their finances. The acquisition of Curlec by Razorpay marked the creation of a full-stack international payment gateway, further solidifying Razorpay's position as a comprehensive payment solution provider.

Customer focus has always been central to Razorpay's innovation. Razorpay was the first to launch a fully digital onboarding process for startups, support UPI and Bharat QR, and introduce recurring payments through Razorpay Route. Other notable achievements include launching India's Multi-Network Tokenisation solution (TokenHQ) and becoming the first payment gateway to support credit cards on UPI. The acquisition of Ezetap, a leading offline POS company, made Razorpay India's largest omnichannel payment gateway.

Razorpay's valuation has increased significantly, reaching $7.5 billion, attracting investments from prominent firms like Lone Pine Capital, Alkeon Capital, and Tiger Global. Razorpay is also the second Indian company to participate in Y Combinator. To date, Razorpay has made eight acquisitions, including Billme, Ezetap, PoshVine, IZealiant, Curlec, TeraFin Labs, Opfin, and Thirdwatch, expanding its capabilities and reach.

Razorpay collaborates with banks, regulators, and stakeholders to improve the business environment in India. It powers online payments for a significant portion of Indian startup unicorns and millions of other businesses. Razorpay's core mission remains consistent: to simplify money movement for businesses, enabling them to receive, send, and manage funds more efficiently.