Razorpay Unicorn
Razorpay is a Bengaluru-based Indian fintech company offering a full-stack payments and business-banking platform. It lets businesses accept payments (cards, UPI, netbanking, wallets), make payouts, manage current/escrow accounts, automate payroll, and access working-capital credit through a single set of developer-friendly APIs and dashboards.
Razorpay: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 20 Dec 2021 | Series F | $375 Mn | TCV Alkeon Capital GIC Lone Pine Capital Sequoia Capital India Tiger Global Y Combinator | source |
| 19 Apr 2021 | Series E | $160 Mn | GIC Matrix Partners Ribbit Capital Sequoia Capital India | source |
| 12 Oct 2020 | Series D | $100 Mn | GIC Matrix Partners Ribbit Capital Sequoia Capital India Tiger Global Y Combinator | source |
| 18 Jun 2019 | Series C | $75 Mn | Ribbit Capital Sequoia Capital India Tiger Global Management Y Combinator Continuity Fund | source |
| 15 Jan 2018 | Series B | $20 Mn | Tiger Global Matrix Partners Y Combinator Continuity Fund | source |
| 27 Oct 2015 | Series A | $9 Mn | Tiger Global Management Matrix Partners India | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 17 Jun 2025 | Razorpay | POP (rewards-first UPI payments app) | $30 Mn majority-stake investment | source |
| 12 Sep 2023 | Razorpay | billme | undisclosed | source |
| 27 Sep 2022 | Razorpay | poshvine | undisclosed | source |
| 18 Aug 2022 | Razorpay | ezetap | undisclosed | source |
| 16 Mar 2022 | Razorpay | izealiant-technologies | undisclosed | source |
| 8 Feb 2022 | Razorpay | curlec | undisclosed | source |
| 19 Jul 2021 | Razorpay | tera-finlabs | undisclosed | source |
| 22 Nov 2019 | Razorpay | opfin | undisclosed | source |
| 5 Aug 2019 | Razorpay | thirdwatch | undisclosed | source |
Recent Signals
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16 Jun 2026 · financial
Razorpay confidentially files DRHP with SEBI, targeting roughly $600 million IPO source -
2 Dec 2025 · regulatory
Razorpay secures RBI's Payment Aggregator - Cross Border (PA-CB) licence source -
14 Oct 2025 · financial
Razorpay's FY25 revenue jumps 65% YoY to Rs 3,783 crore; core payments business turns EBITDA-positive source
News on Razorpay
No coverage of Razorpay linked yet.
L Litmus · by Lapaas
See the full business-model breakdown and validation framework for this company.
View Litmus AnalysisFAQs on Razorpay
Who founded Razorpay?
Razorpay was founded by Harshil Mathur, Shashank Kumar in 2014.
How much funding has Razorpay raised?
Razorpay has raised $739 Mn across 6 tracked funding round(s), most recently on 2021-12-20. Figures are compiled from cited public sources.
Who are the investors in Razorpay?
Investors in Razorpay include TCV, Alkeon Capital, GIC, Lone Pine Capital, Sequoia Capital India, Tiger Global, Y Combinator, Matrix Partners.
What does Razorpay do?
Razorpay is a Bengaluru-based Indian fintech company offering a full-stack payments and business-banking platform. It lets businesses accept payments (cards, UPI, netbanking, wallets), make payouts, manage current/escrow accounts, automate payroll, and access working-capital credit through a single set of developer-friendly APIs and dashboards.
Where is Razorpay headquartered?
Razorpay is headquartered in Bengaluru, Karnataka, India.
What is Razorpay's business model?
Razorpay's core value proposition centers on All-in-one finance platform, Developer-friendly APIs, AI-native / agentic payments tooling.
How does Razorpay make money?
Razorpay's cited revenue streams include Domestic payment gateway transaction fees, Cross-border payment fees, RazorpayX (business banking) subscription fees, Payroll SaaS subscription.