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 | |
Razorpay is a fintech company based in India, specialized in providing payment gateway solutions and financial services to businesses of all sizes. Founded in 2014 by Harshil Mathur and Shashank Kumar.
Funding and financials[edit]
Fund Raising[edit]
| Investor | Transaction | Funds raised[1] | Valuation[1] |
| 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
|
[2] |
| FY 2019 | 197.4
|
-3.2
|
[3] |
| 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.[4][5]
- Acquired Opfin (RazorpayX) in 2019, a payroll management firm.[6][7][8]
- Acquired TERA Finlabs in 2021, an AI-based risk tech SaaS platform.[9][10][11]
- Acquired PoshVine in 2022, customer loyalty and rewards[12]
See also[edit]
References[edit]
- ↑ 1.0 1.1 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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