Razorpay is a payments company that provides payment gateway to online merchants in India.
Razorpay allows online businesses to accept, process and disburse digital payments through several payment modes like debit cards, credit cards, net banking, UPI and prepaid digital wallets.
Razorpay was founded in 2014 by Shashank Kumar and Harshil Mathur. The company is headquartered in Bangalore, with additional offices in Delhi & Mumbai, India.
Razorpay payment solutions can be integrated by both web and mobile applications. It facilitates online payments by providing developer-friendly APIs and integration process. Other offerings include a comprehensive dashboard to manage payments, as well as other plugins and integration suites for all major backend technologies and e-commerce platforms.
The Razorpay Product Suite today comprises verticals, along with Payment Gateway, like Payment Links, Payment Pages, Subscriptions, Smart Collect, Route, Razorpay Capital, RazorpayX, Payroll and Thirdwatch.
Razorpay’s clients include budget lodging decacorn Oyo, fintech firm Cred, social giant Facebook, e-commerce Flipkart top food delivery startups Zomato and Swiggy, online learning platform Byju’s, supply chain platform Zilingo, travel ticketing firms Yatra and Goibibo, and telecom giant Airtel .
Razorpay is backed by Sequoia, Matrix Partners, Tiger Management, Ribbit Capital, GIC, Y Combinator, & Mastercard amog others. The company raised $160M in Series E round on Apr 19, 2021. This brings Razorpay's total funding to $384.7M to date. The latest round tripled the company's valuation to $3B, up from the previous $1B valuation gained from Series D in Oct 2020.