Razorpay
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- Thanks for taking the time for review, I understand what you said and I won't be able to work more on this draft as most references seems PR as clarified by @Timtrent and @Scope creep at this stage, and I have done my best. The draft can stay until some another interested editor finds neutral references. @Kinleysoda tagging you here, if you still wish to work feel free to add proper references (please try to be neutral regardless of your COI). Thanks Macrobreed2 (talk) 07:22, 21 December 2024 (UTC)
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| Privately held company | |
| ISIN | 🆔 |
| Industry |
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| Founded 📆 | May 2014[1] |
| Founder 👔 |
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| Headquarters 🏙️ | , , |
Area served 🗺️ | |
| Services | Payment Services[3] |
| Members | |
Number of employees | |
| Subsidiaries | Poshvine[4] |
| 🌐 Website | razorpay |
| 📇 Address | |
| 📞 telephone | |
Razorpay is an India-based financial technology company.[2] The company was founded in 2014[1] by Harshil Mathur and Shashank Kumar[5] as a digital payment platform for small businesses.[6] By February 2024, Razorpay was valued at about ₹56,800 crore (US$7.9 billion), making it one of India’s 10 largest private companies.[7]
History[edit]
Razorpay was founded in 2014[1] by Shashank Kumar and Harshil Mathur, who became friends while studying at IIT Roorkee.[8] After graduating, Mathur took a position at Microsoft[6] while Kumar took one at the Mumbai office of Schlumberger.[8] In 2014, they decided to start a digital payments business in India[6] and created Razorpay.[9]
As of 2021, Razorpay had expanded into online-only banking with a neobanking platform called RazorpayX.[5]
In 2022, Razorpay acquired the customer rewards and loyalty platform Poshvine .[4]
During the 2023 collapse of Silicon Valley Bank Razorpay helped Indian startups move their money out of the collapsing institution and into Indian banks.[10]
In February 2024, the company processed $150 billion in digital transactions for fiscal year 2024.[3]
As of February 2024, the company was valued at about ₹56,800 crore (US$7.9 billion), making it one of India’s 10 largest private companies.[7]
References[edit]
- ↑ 1.0 1.1 1.2 1.3 Singh, Rajiv (18 October 2022). "Razor-sharp checkout: How Razorpay grew close to eight times in four years". Forbes India. Retrieved 18 April 2023.
- ↑ 2.0 2.1 Bhalla, Tarush (12 October 2020). "Razorpay is latest fintech unicorn". Mint. Retrieved 19 April 2023.
- ↑ 3.0 3.1 Arakali, Harichandan (16 May 2024). "How Razorpay is making online payments a breeze". Forbes India. Retrieved 21 May 2024.
- ↑ 4.0 4.1 Iyer, Priyanka (27 September 2022). "Razorpay buys customer loyalty and rewards platform PoshVine in 7th acquisition". Money Control. Retrieved 17 April 2023.
- ↑ 5.0 5.1 Mishra, Digbijay (20 December 2021). "Razorpay's valuation rises to $7.5 billion after $375-million funding". Economic Times. Retrieved 17 April 2023.
- ↑ 6.0 6.1 6.2 Bathija, Monica (27 December 2021). "Harshil Mathur, Shashank Kumar: Simplifying the financial lives of customers". Forbes India. Retrieved 19 April 2023.
- ↑ 7.0 7.1 Chadha, Sunainaa (13 February 2024). "Zerodha, Swiggy, Razorpay among India's 10 biggest unlisted companies". Business Standard. Retrieved 7 October 2024.
- ↑ 8.0 8.1 Venkataraman, Rajgopalan (5 November 2015). "Our parents were worried about our marriages when we quit our big jobs". Times of India. Retrieved 21 April 2023.
- ↑ Sharma, Samidha; Bhakta, Pratik (9 May 2023). "In 'reverse flip,' Razorpay parent entity plans to return to India from the US". Economic Times. Retrieved 16 May 2024.
- ↑ Mandavia, Megha (17 March 2023). "SVB Crisis Tests India's New Finance Hub Potential; Experimental financial center is suddenly getting new infusion of life—and dollars". Wall Street Journal. Retrieved 18 April 2023.
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