India's Most Valuable Companies 2025 edition · Source: Hurun India
- Valuation
- ₹71,100 Cr
- 1-year change
- +12%
2024 #106 2023 #83 2022 #63
About Razorpay
Razorpay is a Financial Services company based in Bengaluru (India) founded in 2014 by Shashank Kumar and Harshil Mathur. It operates as a payment and business banking solutions are provided for enterprises. Razorpay has raised $741.62 million across 12 funding rounds from investors including Mastercard, Lightspeed Venture Partners and Peak XV Partners. The company has 2,850 employees. Razorpay has completed 7 acquisitions, including Curlec, Ezetap and IZealiant Technologies. Razorpay was last valued at $7.5 billion in December 2021. Its chief executive is Harshil Mathur. Its website razorpay.com draws about 34.9 million monthly visits. Razorpay offers products and services including Payment Gateway, Payment Links, Payment Buttons, Razorpay POS, and Subscriptions. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its legal entity is Razorpay Software Private Limited. Its competitors include Flutterwave, Pine Labs, Zaggle, HighRadius and Mintoak and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
Razorpay was founded in 2014 and is headquartered in Bengaluru, India. Operations focus on the fintech sector, where payment gateways, payouts, current accounts, credit services, and payroll automation are delivered to enterprises. Financial management and transaction processing capabilities are supported through these tools, enabling businesses to handle payments and banking needs across various scales.
Recognitions & Rankings of Razorpay
- Headquarters Bengaluru, India
- Employees 2,850
- Founders Shashank Kumar, Harshil Mathur
- Stage Unicorn
- SectorsFinancial Services
- Website category Finance
- Email••••••••
- Phone•••• ••••
- Website razorpay.com
- Social LinkedIn X Facebook Instagram
- Legal Name Razorpay Software Private Limited
Operational Areas
Key Metrics
- Annual Revenue$302.19 M (USD)9as on Mar 31, 2024
- Net Profit$4.05 M (USD)360as on Mar 31, 2024
- EBITDA$11.59 M (USD)65as on Mar 31, 2024
- Total Equity Funding$741.62M (USD)
in 12 rounds
- Latest Funding Round$375M (USD), Series F
Dec 2021
- InvestorsMastercard
& 31 more
- Employee Count2,850
- Investments & AcquisitionsCurlec
& 6 more
Associated legal entities of Razorpay
Razorpay is associated with 6 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Marsshot Ventures Llp CIN AAU-9729 | Active | 05 Dec 2020 | Bangalore, Karnataka | – | – | 3 | View details |
| Razorpay Financial Services Private Limited CIN U65999KA2018PTC114468 | Active | 03 Jul 2018 | Bangalore, Karnataka | ₹0.1 Cr | 244 | 2 | View details |
| Rzpx Private Limited CIN U72900KA2020PTC139072 | Active | 28 Sep 2020 | Bangalore, Karnataka | ₹116 Cr | 236 | 3 | View details |
| Jhkp Technologies Private Limited CIN U74999KA2018PTC192034 | Active | 27 Apr 2018 | Bangalore, Karnataka | ₹7.1 Cr | 30 | 3 | View details |
| Razorpay Financial Aggregator Private Limited CIN U67190KA2020PTC133358 | Active | 14 Mar 2020 | Bangalore, Karnataka | – | – | 2 | View details |
| Razorpay Technologies Private Limited CIN U67100KA2015FTC082538 | Active | 28 Aug 2015 | Bangalore, Karnataka | ₹4.9 Cr | 15 | 3 | View details |
Products & Services of Razorpay
Razorpay offers a comprehensive portfolio of products and services, including Payment Gateway, Payment Links, Payment Buttons, Razorpay POS, and Subscriptions.
Payment Gateway
Payment Processing
Platform for accepting online payments on websites and apps
Payment Links
Payment Tools
Generate links to collect payments via email or social media
Payment Buttons
Payment Tools
Add pay buttons to websites without coding requirements
Razorpay POS
In-Person Payments
System for seamless in-store payment processing
Subscriptions
Recurring Payments
Manage automated recurring payment collections
Payroll Solutions
Financial Services
Automate payroll and compliance for businesses
Funding Insights of Razorpay
Razorpay has successfully raised a total of $741.62M across 12 strategic funding rounds. The most recent funding activity was a Series F round of $375 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $741.62M
- Total Rounds 12
- Last Round Series F — $375M
- First Round $500,000
(Mar 2015)
- Investors Count 32
Latest 10 of 12 funding rounds of Razorpay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | – | Series F | – | – | |
| Dec 2021 | $375M | Series F | $7.5B | Lone Pine Capital, Alkeon Capital Management | |
| Sep 2021 | – | Series E | – | Salesforce Ventures | – |
| Apr 2021 | $160M | Series E | $3B | GIC, Peak XV Partners | |
| Oct 2020 | $100M | Series D | $••••• | GIC, Peak XV Partners | |
| Jun 2019 | $75M | Series C | $••••• | Ribbit Capital, Peak XV Partners | |
| Jan 2018 | $20M | Series B | – | Tiger Global Management, Y Combinator | |
| Jun 2016 | – | Series A | – | Mastercard | – |
| Oct 2015 | $9M | Series A | – | Tiger Global Management | |
| Oct 2015 | $2.5M | Seed | – | Z47 |
Valuation history
| Date | Valuation | Stage |
|---|---|---|
| Dec 2021 | $7.5B | •••••••• |
| Apr 2021 | $3B | •••••••• |
| Oct 2020 | $••••• | •••••••• |
| Jun 2019 | $••••• | •••••••• |
Premium access
Full valuation and stage history of Razorpay
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $7.5B (Dec 2021). 32 investors in total: 19 institutional and 13 angel.
Investors in Razorpay
Razorpay has secured backing from 32 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mastercard, Lightspeed Venture Partners and Peak XV Partners.
All
Venture Fund
Institutional
Angel
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Long/short and long-only strategies are employed by the hedge fund. | – | lonepinecapital.com | Greenwich, United States | |
VC fund focused on equity markets | 2002 | alkeoncapital.com | New York, United States | |
Venture capital is invested in global technology companies by TCV. | – | tcv.com | Menlo Park, United States | |
Venture and private equity investments are managed with global diversification. | – | tigerglobal.com | New York, United States | |
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Early-stage tech startups are funded by corporate-backed Salesforce Ventures. | – | salesforceventures.com | San Francisco, United States | |
Sovereign wealth is managed and private equity investments are facilitated. | – | gic.com.sg | Singapore, Singapore | |
Early-stage companies in fintech and multiple sectors are invested in. | 2012 | ribbitcap.com | Palo Alto, United States | |
Venture capital investment firm | – | z47.com | Bengaluru, India |
Premium access
Investor details for Razorpay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Razorpay
The boards of the 6 registered companies of Razorpay currently have 8 directors; the longest-serving is Shashank Kumar, appointed in 2020. 17 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shashank Kumar DIN 06556746 | Designated Partner | 05 Dec 2020 | 5 yrs 10 mo | Marsshot Ventures Llp, Rzpx Private Limited, Razorpay Financial Aggregator Private Limited, Razorpay Financial Services Private Limited, Razorpay Technologies Private Limited |
| Harshil Mathur DIN 06549915 | Designated Partner | 05 Dec 2020 | 5 yrs 10 mo | Marsshot Ventures Llp, Rzpx Private Limited, Razorpay Technologies Private Limited, Jhkp Technologies Private Limited |
| Arpit Chug DIN 07661578 | Designated Partner | 05 Dec 2020 | 5 yrs 10 mo | Marsshot Ventures Llp |
| Ajitabh Banerji DIN 07002361 | Director | 06 Jun 2022 | 4 yrs 4 mo | Rzpx Private Limited |
| Vijay Thakral DIN 08874236 | Director | 06 Oct 2022 | 4 yrs | Razorpay Financial Aggregator Private Limited, Razorpay Financial Services Private Limited |
| Rahul Kothari DIN 09210726 | Nominee Director | 01 Sep 2023 | 3 yrs 1 mo | Jhkp Technologies Private Limited |
| Kanu Bagga DIN 01964514 | Additional Director | 02 Sep 2025 | 1 yr 1 mo | Jhkp Technologies Private Limited |
| Arif Khan DIN 09471450 | Director | 05 Sep 2025 | 1 yr 1 mo | Razorpay Technologies Private Limited |
People of Razorpay
327 people are tracked at Razorpay (89 in leadership, 238 in team); the tracked headcount is 2,850.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Managing Director | Leadership | |
| Co-Founder & CEO | Leadership | |
| Chief Operating Officer | Leadership | |
Kunal Gothivarekar | Head Of Offline Business | Leadership |
Akansha Yadav | Director- Enterprise Partnership | Leadership |
Babu G A | National Head Field Service & Banking Operations | Leadership |
Neeraj Pandey | Director - Financial Operations | Leadership |
Pankaj Gautam | Associate Director, Product Management | Leadership |
Pulamte Sandy | Associate Director - Design Planning / Process Excellence | Leadership |
Prerit Khandelwal | Director, Product Analytics | Leadership |
Anitha Krishnakumar | Associate Director Of Product | Leadership |
Rajat Chaddha | Associate Director - EMI & Buy Now Pay Later (bnpl) Business | Leadership |
| CFO | Leadership | |
| Chief Of Compliance, VP | Leadership | |
Raja Gounder | Associate Director - Risk Management | Leadership |
Avishek Pal | Director, Banking Alliances | Leadership |
| Head of Business Finance | Leadership | |
Naresh Pawar | Senior Director - Bank Enterprise, Govt And Fuel Sales | Leadership |
Snehal Shitole | Associate Director- Enterprise & Govt Business-west | Leadership |
Ayush Bansal | VP & GM, Razorpay Capital | Leadership |
307 more people are available in the full profile.
Premium access
Complete people profiles for Razorpay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Razorpay
Figures of Rzpx Private Limited, the primary company behind Razorpay, for FY 2025. Revenue was ₹116 Cr (+2% year on year). Net loss was -₹76.49 Cr (-66% margin). EBITDA was -₹76.49 Cr (-66% margin). Revenue has grown at a compounded annual rate of +8% over three years.
- ₹116 CrRevenue · FY 2025 · +2% YoY
- -₹76.49 CrNet loss · -66% margin
- -₹76.49 CrEBITDA · -66% margin
- ₹8.69 CrPaid-up capital
- 236Employees (provident fund records)
- +8%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Rzpx Private Limited are on its company page.
Premium access
Detailed financial statements for Razorpay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Razorpay
Razorpay has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Curlec, Ezetap and IZealiant Technologies.
Acquisitions
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Marketing platform for loyalty and customer engagement is operated. | poshvine.com | Bengaluru, India | 2011 | Sep 2022 | •••• | |
Cloud-based mPOS software and hardware solutions are provided for businesses. | ezetap.com | Bengaluru, India | 2011 | Aug 2022 | $200M | |
Software solutions are provided to financial institutions by IZealiant Technologies. | izealiant.com | Pune, India | 2015 | Mar 2022 | •••• | |
Recurring payments are automated and collected via bank-to-bank direct debits. | curlec.com | Kuala Lumpur, Malaysia | 2018 | Feb 2022 | •••• | |
SaaS-enabled lending-as-a-service platform for lending institutions | terafinlabs.com | Bengaluru, India | 2017 | Jul 2021 | •••• | |
Payroll management solutions are provided for small and medium-sized businesses. | opfin.com | Gurugram, India | 2017 | Nov 2019 | •••• | |
AI-enabled fraud prevention is delivered for e-commerce platforms. | thirdwatch.ai | Delhi, India | 2016 | Jun 2018 | •••• |
Premium access
Complete acquisition details for Razorpay
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Razorpay
12 dated milestones of Razorpay across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Razorpay is founded.
- Funding First funding round of $500K.
- Acquisition Acquires Thirdwatch.ai.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Opfin.
- Milestone Reaches Unicorn status.
- Acquisition Acquires Terafin Labs.
- Funding Latest funding round, Series F, of $375.0M.
- Acquisition Acquires Curlec.
- Acquisition Acquires IZealiant Technologies.
- Acquisition Acquires Ezetap.
- Acquisition Acquires PoshVine.
Competitors of Razorpay
Razorpay has 8 listed competitors in our database, 8 of them funded. They include Flutterwave, Pine Labs, Zaggle, HighRadius and Mintoak, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flutterwave.com | 2016 | San Francisco, United States | $489.41M | – | Provider of payment processing solutions for businesses | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. | |
| zaggle.in | 2011 | Hyderabad, India | $13.75M | 440 | Business spends, payments, and rewards are streamlined by automated workflows. | |
| highradius.com | 2006 | Houston, United States | $484M | – | Autonomous finance and payment solutions are provided to businesses. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| billdesk.com | 2000 | Mumbai, India | $185.7M | 750 | Provider of an online payment gateway platform | |
| cashfree.com | 2015 | Bengaluru, India | $97.02M | 831 | Payment gateway and payout solutions are provided for business transactions. | |
| dlocal.com | 2016 | Montevideo, Uruguay | $350M | 901 | Global payment processing is facilitated for businesses through diverse methods. |
Premium access
Detailed competitors of Razorpay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Razorpay
The website of Razorpay (razorpay.com) receives about 34.9M visits a month and ranks #1,536 among all websites worldwide, #81 in Finance.
- Monthly visits34.9M
▼ 0.8% vs previous month
- Unique visitors17.4M
per month
- Global rank#1,536
among all websites
- Category rank#81
Finance · Finance
Visitor engagement
- Bounce rate40%
- Pages per visit2.8
- Average visit1 min 49 sec
- DevicesDesktop 21% · Mobile 79%
Similar websites
Websites whose visitors overlap most with Razorpay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| pinelabs.com | 100% | 522.2K | #90,704 | View details | |
kvbankonline.com | kvbankonline.com | 93% | – | #422,048 | – |
| tatacapital.com | 93% | 2.8M | #25,533 | View details | |
| karnatakaone.gov.in | 92% | – | #76,691 | View details | |
| dhbvn.org.in | 92% | – | #48,167 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
Premium access
All 40 similar websites and full traffic analytics for Razorpay
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as Razorpay (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 |
Upgrade to premium
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
Upgrade to Premium No viewing limits. Your plan controls exports and screening usage.
Included in your Premium account
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Razorpay
Premium access
Complete news archive for Razorpay
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Articles about Razorpay on our blog
Frequently Asked Questions about Razorpay
Razorpay was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Razorpay is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Harshil Mathur is the current CEO of Razorpay. They have also founded this company.
Razorpay is a funded company, having raised a total of $741.62M across 12 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Mar 2015.
Razorpay has 2,850 employees.
Annual revenue of Razorpay is $302.19M as on Mar 31, 2024.
Razorpay was founded in 2014 and is headquartered in Bengaluru, India. Operations focus on the fintech sector, where payment gateways, payouts, current accounts, credit services, and payroll automation are delivered to enterprises. Financial management and transaction processing capabilities are supported through these tools, enabling businesses to handle payments and banking needs across various scales.
Razorpay's top competitors include Zaggle, Flutterwave and Mintoak.
Razorpay offers Payment Gateway, Payment Links, Payment Buttons, Razorpay POS, and 2 more products and services.
Razorpay has made 7 acquisitions, including Curlec, Ezetap, and IZealiant Technologies.
Razorpay has 32 investors. Key investors include Mastercard, Lightspeed Venture Partners, Peak XV Partners, Alkeon Capital Management, and Ribbit Capital.
The valuation of Razorpay is $7.5B as of Dec 2021.