Razorpay
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 | |
| Private | |
| ISIN | 🆔 |
| Industry | |
| Founded 📆 | May 2014 |
| Founder 👔 |
|
| Headquarters 🏙️ | , , India |
Area served 🗺️ | |
| Products 📟 | Razorpay Payment Gateway, Razorpay Product Suite, RazorpayX Business Banking, Razorpay Capital |
| Services | Payments |
| Revenue🤑 |  ₹844 crores (FY2021) |
| ₹7 crores (FY21) | |
| Members | |
Number of employees | 1,996 |
| Subsidiaries | Tera Finlabs, Thirdwatch Data Opfin Software, Curlec Sdn Bhd, IZealiant Technologies |
| 🌐 Website | razorpay |
| 📇 Address | |
| 📞 telephone | |
Kumar said in an interview that the service was supposed to help partner businesses to come out of the crisis and help them in these unpredictable times.[1] Prior to this, debit card was the only mode of automated payments but the experience was not quite good.[2][not in citation given] Razorpay was ranked 6th in LinkedIn's top 10 Startups list.[2][not in citation given]
Funding and financials[edit]
Fund Raising[edit]
| Investor | Transaction | Funds raised[3] | Valuation[3] |
| Y Combinator | Seed | $2.6M | Undisclosed |
| Tiger Global | Series A | $9M | Undisclosed |
| Tiger Global, Y Combinator | Series B | $20M | Undisclosed |
| Ribbit Capital, Sequoia | Series C | $75M | ~450 Million USD |
| GIC Singapore, Sequoia | Series D | $100M | 1 billion USD |
| GIC Singapore, Sequoia | Series E | $160M | 3 billion USD |
| TCV, Alkeon Capital, Lone Pipe | Series F | $375M | 7.5 billion USD |
Yearly results[edit]
| Year | Revenue (in crores) | Profits/loss (In crores) | Source |
|---|---|---|---|
| FY 2018 | 90
|
 -13
|
[4] |
| FY 2019 | 197.4
|
-3.2
|
[5] |
| FY 2020 | 519.4
|
-6.1
| |
| FY 2021 | 844
|
7
|
Acquisitions[edit]
- 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.[6][7]
- Acquired Opfin (RazorpayX) in 2019, a payroll management firm.[8][9][10]
- Acquired TERA Finlabs in 2021, an AI-based risk tech SaaS platform.[11][12][13]
- Acquired PoshVine in 2022, customer loyalty and rewards[14]
See also[edit]
References[edit]
- ↑ "Razorpay launches collateral free line of credit for SMEs". The Economic Times. Retrieved 2021-08-08.
- ↑ 2.0 2.1 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. Unknown parameter
|s2cid=ignored (help) - ↑ 3.0 3.1 Mishra, Digbijay. "Razorpay's valuation rises to $7.5 billion after $375-million funding". The Economic Times. Retrieved 2022-05-22.
- ↑ Vardhan, Jai; Tyagi, Gaurav (2019-12-06). "Razorpay revenue jumps 2X in FY19 as it inches close to being cash flow positive". Entrackr. Retrieved 2022-05-22.
- ↑ "Fintech Unicorn Razorpay Turns Profitable As Revenue Crosses INR 800 Cr In FY21". Inc42 Media. 2022-03-11. Retrieved 2022-05-22.
- ↑ Abrar, Peerzada (2019-08-05). "Razorpay acquires Gurgaon-based fraud prevention AI startup Thirdwatch". Business Standard India. Retrieved 2021-08-08.
- ↑ Bhakta, Pratik. "Razorpay buys fraud analytics firm Thirdwatch". The Economic Times. Retrieved 2021-08-08.
- ↑ "Business boost: Razorpay acquires Opfin; to promote digital growth". The Financial Express. 2019-11-23. Retrieved 2021-08-08.
- ↑ "Payments company Razorpay buys payroll management firm Opfin - Times of India". The Times of India. Nov 23, 2019. Retrieved 2021-08-08.
- ↑ "Razorpay acquires Opfin, introduces corporate credit cards with RBL". Business Insider. Retrieved 2021-08-08.
- ↑ PYMNTS (2021-07-19). "Razorpay Acquires Startup TERA Finlabs". www.pymnts.com. Retrieved 2021-08-08.
- ↑ "Razorpay acquires TERA Finlabs in push for startup, MSME loans". The Economic Times. Retrieved 2021-08-08.
- ↑ Bhalla, Tarush (2021-07-19). "Razorpay acquires TERA in its 3rd buyout". mint. Retrieved 2021-08-08.
- ↑ "PoshVine 7th acquisition". Moneycontrol.
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