Razorpay

paymentspayment gatewaysneobanks / digital banksover the top

FOUNDING YEAR: 2014
LOCATION: India
Last Update: 19/01/2021

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About

We are a spirited, ambitious and bunch of fun folks who have taken up the challenge of transforming the way businesses accept digital payments in India. We have gone from offering a pure payment gateway to offering a product suite that manages the entire payments lifecycle for all businesses, from startups to SMEs to large enterprises. We are a payment solution for forward-looking businesses. We enable online merchants with any payment need to easily accept, process and disburse payments through the most developer-friendly APIs, easy integration, onboarding processes and truly involved customer support. Our customers swear by our tech and UX, and we are ecstatic to see people enjoy the results of our fanatic focus on making online payments simple and accessible.Our strength lies in the people we are and we go to great lengths to nurture a family of coders, designers, sellers, marketers, analysts, writers, runners, photographers, gamers, tinkerers and above all people who are dreamers and doers at the same time. We are also powered by an enviable list of investors, who guide us to deliver outstanding outcomes and lead the way in redefining payments.Together we say - 'The Future of Payments is Here' OUR CULTUREWe think you can do your best with a freedom to experiment, sense of ownership of your work, license to fail and when you have peers who care just as much as you about their art. We default to transparency because everyone can contribute to anything, and it's only possible if you get to know what's going on. Meetups, gaming, movies, team outings, celebrations, conferences & events, are some of the things we enjoy. AND YOU ARE?Someone who thinks learning is the aim of life. You don't want to hide behind a mundane corporate job, a cog in the bigger scheme that's unknown. You want to own what you do and drive it to completion, with a touch of perfection befitting your zeal for your work. You swear by perfection and you bow to the church of research-based innovation. You love your tech and automation is your religion. Now that you know us and we know you, let's talk about what you can work on at Razorpay.CONTACT USEmail: jobs@razorpay.com

MEDICI Analysis

Razorpay is an India-based payment gateway solution. Their APIs lets company add payments with a few lines of code and users can then pay for their purchases using a credit card, a debit card or net-banking.

Focus

PRODUCTS & SERVICES

RazorPay- It provides a gateway to collect payments online and it offers a wide range of options to its customers. RazorpayX: It is a neo-banking platform that helps business owners and finance teams automate the manual, repetitive financial task, and provide insights into money flow.

REVENUE MODEL

The company charge a fee of 2% for successful transaction and 3% for international cards and EMI

MAIN CLIENTS

Playo

Quicker

Simpl

Eko

Yatra

Trujet

Rentomojo

Goodbox

Clear Tax etc

EXISTING PARTNERSHIPS

Mobikwik

Paytm - to increase integration options.

COMMENT

Merchants can generate customized reports, process instant refunds with no physical paperwork required.

Traction

COMPANY TYPE:

For Profit

ACTIVE USERS COMMENT:

The company has onboarded 800k+ business customers.(2020)

TRACTION COMMENT:

RazorpayX hit a TPV (Total Payment Volume) of USD 3bn annualized. Overall, the platform has grown by 18 times in the last 6 months and continues to see an upward growth of 50% in the coming few months. RazorpayX has onboarded over 5,000 businesses and aims to empower over 20,000 by next year, 2021. RazorpayX is likely to contribute to 20-25% of the company‚'s revenue by 2021. The company is processing over 2 lakh payouts every day, out of which 1 lakh is consumer loans. RazorpayX is expected to contribute to 20-25% of the company‚'s revenue by 2021.

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

6

TOTAL FUNDING

$224.6 M

DATE OF LAST FUNDING

Oct 2020

IPO STATUS

Private

TOTAL FUNDING COMMENT

The company is planning to use the fund for expanding its product portfolio into new verticals (Jan 2018).

ESTIMETED REVENUE RANGE

$10M to $50M

SEED & PRIOR FUNDING

$2.6 M

SEED CLOSED ON

Mar 2015

FUNDING SERIES

SERIES A  · $9 M  · Oct 2015

SERIES B  · $20 M  · Jan 2018

SERIES C  · $75 M  · Jun 2019

SERIES D  · $100 M  · Oct 2020

OTHERS  · $18 M · Oct 2019

LISTED

NO

COMMENT

An undisclosed venture funding raised in July 2016

company provided insights

Acquisitions

ACQUIREE NAME

ThirdWatch

ANNOUNCED DATE

Aug 2019

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

5,133,234

AVERAGE VISITS (6 MONTHS)

4,967,389.9

MONTHLY VISITS GROWTH

13.97%

VISIT DURATION

298

VISIT DURATION GROWTH

18.68%

PAGE VIEWS VISIT

4.15

PAGE VIEWS VISIT GROWTH

3.81%

BOUNCE RATE

51%

BOUNCE RATE GROWTH

-3.27%

GLOBAL TRAFFIC RANK

9,478

MONTHLY RANK CHANGE

-2,472

MONTHLY RANK GROWTH

-20.69%

Innovation Programs

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