• FOUNDING YEAR: 2013
    LOCATION:
    India
    REGION:
    Karnataka
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
RazorPay-It provides a gateway to collect payments online and it offers a wide range of options to its customers.
REVENUE MODEL:
Viewable by subscribers only
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.

PEOPLE

FOUNDERS:
Shashank Kumar, Harshil Mathur
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Punit Soni, Brad Flora, Michael R. Sutcliff, Jeff Ferguson, Anand Swaminathan, Justin Kan, Soma Capital, Y Combinator, Anand Swaminathan, Abhay Singhal, Amit Gupta, Bill Gajda, GMO VenturePartners, Jeff Ferguson, Hiro Mashita, Justin Kan, MasterCard, Tiger Global Management, Matrix Partners India, Kunal Bahl, Rohit Bansal, Naveen Tewari, Kunal Shah, Sandeep Tandon, Jeff Huber
KEY EMPLOYEES:
Harshil Mathur (CEO); Shashank Kumar (CTO)

TRACTION

COMMENT:
The company expects more than 10x growth in volume and revenue by 2018 and predicts the newly launched product suite to contribute to 30% of its revenues (Jan 2018).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$31.6 Millions
DATE OF LAST FUNDING:
Jan 2018
TOTAL FUNDING COMMENT:
The company is planning to use the fund for expanding its product portfolio into new verticals (Jan 2018).
SEED & PRIOR FUNDING:
$2.6 Millions
SEED CLOSED ON:
Mar 2015
FUNDING SERIES:
SERIES A
$9 Millions Closed: Oct 2015
SERIES B
$20 Millions Closed: Jan 2018
LISTED:
NO
COMMENT:
An undisclosed venture funding raised in July 2016

LATEST RESEARCH