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Razorpay

razorpay.com

Founded Year

2013

Stage

Secondary Market | Alive

Total Raised

$741.62M

Last Raised

$75M | 7 mos ago

About Razorpay

Razorpay offers a payment solution that allows businesses to accept, process, and disburse payments with its product suite. It assists users to access all payment modes including credit cards, debit cards, net banking, UPI, and mobile wallets, also provides banking solutions such as vendor payments, automated payout, current accounts, tax payments, and payroll. The company was founded in 2013 and is based in Bengaluru, India.

Headquarters Location

1st Floor, SJR Cyber 22 Laskar Hosur Road, Adugodi

Bengaluru, 560030,

India

1800-123-1272

Missing: Razorpay's Product Demo & Case Studies

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ESPs containing Razorpay

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Payments Tech

These companies provide comprehensive payment processing solutions for SMBs that allow them to accept payments through multiple channels, including online, mobile, and in-store.

Razorpay named as Leader among 11 other companies, including Bluefin, Pine Labs, and SumUp.

Missing: Razorpay's Product & Differentiators

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Expert Collections containing Razorpay

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Razorpay is included in 7 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,201 items

S

SMB Fintech

1,647 items

P

Payments

2,460 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech 250

999 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

F

Future Unicorns 2019

50 items

F

Fintech

3,619 items

Razorpay Patents

Razorpay has filed 1 patent.

The 3 most popular patent topics include:

  • Digital currencies
  • Electronic funds transfer
  • Online payments
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/7/2017

Payment service providers, Payment systems, Electronic funds transfer, Online payments, Digital currencies

Application

Application Date

6/7/2017

Grant Date

Title

Related Topics

Payment service providers, Payment systems, Electronic funds transfer, Online payments, Digital currencies

Status

Application

Latest Razorpay News

Why diversification is the way forward to build a successful business in India

Nov 24, 2022

November 24, 2022, Updated on : Thu Nov 24 2022 13:25:19 GMT+0000 Rahul Kothari, CBO, Razorpay, spoke about the need for startups and companies – especially those in the fintech space – to diversify their offerings if they were to survive and scale in India 0 claps Share on Scaling your business can involve a number of strategies that can work to your company’s benefit, but one of the most sustainable ways of doing so is through diversification of the services you offer. At a fireside chat on ‘Is diversity the name of the game in fintech now?’ at TechSparks 2022, Razorpay CBO Rahul Kothari spoke about the company’s diverse portfolio of services and how it helped the company grow into one of the country’s leading digital payments platforms. Mapping the explosive growth of Razorpay Starting as a payments platform eight years ago to help startups and small businesses with online payments, Rahul said that as their merchant partners grew, Razorpay understood their growing financial services needs as well. “We started by providing online payment services for businesses, but [merchants] don’t think of payments in isolation. They also think about managing their money better: they have to invest it, disburse it, pay their vendors, sometimes they have capital requirements, and need to pay their employees. As we saw all these different requirements of businesses, we also grew our entire strategy from being a payments company to being a one stack platform for end-to-end money movement for businesses,” Rahul explained. The company then expanded into other financial service verticals such as payroll and credit options. Gaining the trust of merchants through their base digital payments platform, Razorpay was able to onboard the same merchants for their other products as well. Rahul said, “Since we had a strong captive base of merchants we could have adjacent products to payments which could add value to their business. That’s how our corporate cards and payroll products evolved, and now we have more than one hero product on our platform.” Diversification is key The need to diversify itself was more of a need than a want for Razorpay, especially in a country like India where markets for tech products are not deep. Building up adjacent products was a natural step for scaling Razorpay. “While individual products can become multi-billion dollar businesses in developed economies, it’s extremely important to build multiple products here in India where markets are not so deep. We have to make them adjacent to each other and sell in the right way to have more value for the customers, to build strong businesses,” Rahul said, adding that Razorpay’s payroll and corporate credit card services were their fastest growing products at the moment. Expanding to other global markets, Razorpay was able to build a similar product stack for the Southeast Asia region by making sure their product is localised for each geography, Rahul explained. Rahul also added that diversification and becoming omnichannel was the way forward for digital payments companies. “We’re now reaching a convergence or an inflection point where omnichannel (payments) will become a reality for a few reasons: One, the customer awareness while making a purchasing decision is much higher and their behaviour has changed significantly. For example, you may have rewards or discounts to utilise online, and you’d expect those rewards at offline stores as well. Secondly, UPI has played a big role in having a presence in the online and offline space,” he mentioned. Social: 1. From a simple digital payments platform to having multiple financial service offerings, Rahul Kothari, CBO, Razorpay said that diversification was key to the company’s success. Read more from his session at #TechSparks2022 here: 2. Diversifying your service offerings is one of the most sustainable ways to scale, Rahul Kothari, CBO, Razorpay said in a fireside chat at #TechSparks2022. Read more from his insightful session here: Newsletter: From a simple digital payments platform to having multiple financial service offerings, Rahul Kothari, CBO, Razorpay said that diversification was key to the company’s success. In a fireside chat at TechSparks 2022, Rahul explained how companies– especially those in the fintech space – should diversify their offerings to survive and scale in India.

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Razorpay Frequently Asked Questions (FAQ)

  • When was Razorpay founded?

    Razorpay was founded in 2013.

  • Where is Razorpay's headquarters?

    Razorpay's headquarters is located at 1st Floor, SJR Cyber, Bengaluru.

  • What is Razorpay's latest funding round?

    Razorpay's latest funding round is Secondary Market.

  • How much did Razorpay raise?

    Razorpay raised a total of $741.62M.

  • Who are the investors of Razorpay?

    Investors of Razorpay include Salesforce Ventures, Moore Strategic Ventures, Lightspeed Venture Partners, Y Combinator, Tiger Global Management and 23 more.

  • Who are Razorpay's competitors?

    Competitors of Razorpay include Ezetap, Innoviti Payment Solutions, GoKwik, Pine Labs, Juspay and 7 more.

Compare Razorpay to Competitors

P
Pine Labs

Pine Labs offers cloud-based point-of-sale (PoS) payments solutions, allowing merchants to accept credit or debit card payments, as well as methods such as e-wallets, QR code payment solutions, and unified payments interface (UPI)-based solutions.

GoCardless Logo
GoCardless

GoCardless is an online direct debit provider, operating an international payments network for businesses to take and settle recurring payments from anywhere, to anywhere, in any currency. The company was founded in 2011 and is based in London, England.

YapStone Logo
YapStone

YapStone is a global provider of web and mobile payment technology solutions, offering a platform that powers electronic payments for international online and mobile marketplaces, including HomeAway and VRBO, as well as for targeted, large vertical markets, including apartment and vacation rentals, HOA communities, self-storage and non-profits. YapStone develops tailored payment solutions to address partner needs.

Stripe Logo
Stripe

Stripe is a financial technology company that builds economic infrastructure for the internet. The company offers an online-based, payment processing platform that gives online merchants the ability to securely accept credit card payments through the use of custom-built forms. Stripe's software and APIs allow user's to accept payments, send payouts and manage businesses online. The company serves clients globally with a use case for SaaS, platforms, marketplaces, eCommerce, creater economy, crypto and embedded finance. It was founded in 2010 and is based in San Francisco, California.Per media sources, Stripe did nearly $12B in gross revenue and $2.5B in net revenue in 2021. It is reported to be generating hundreds of millions in EBITDA.

Cellulant Logo
Cellulant

Cellulant offers a digital payments platform and mobile banking service that provides locally relevant and alternative payment methods for global, regional and local merchants. It is based in Nairobi, Kenya.

Lemon Way Logo
Lemon Way

Lemon Way is a pan-European payment institution dedicated to marketplaces, crowdfunding platforms, e-commerce websites, and other companies looking for payment processing, wallet management and third-party payment in a KYC/AML - regulated framework.

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