Startup Profile

Razorpay

Legal entity: Razorpay Software Private Limited

Full-stack financial solutions for Indian businesses

FinTechUnicornFintech (Payments)· Bengaluru, Karnataka· Est. 2014Website ↗

Razorpay is an Indian fintech company that provides payment gateway and full-stack financial services to businesses, including online payment acceptance, neobanking (RazorpayX), and lending (Razorpay Capital). It was founded in 2014 by Harshil Mathur and Shashank Kumar, both IIT Roorkee graduates. The company is headquartered in Bengaluru and is preparing for an IPO after relocating its domicile b

Funding raised

₹6800.00 Cr

Total disclosed

Latest valuation

₹62250.00 Cr

Most recent round

Latest revenue

₹1481.20 Cr

FY FY22

Employees

—

FY FY22

Founders

Harshil Mathur
Co-founder and CEO of Razorpay. A BTech graduate in software engineering from IIT Roorkee. He co-founded Razorpay in 2014 to solve online payment problems faced by Indian businesses.
Shashank Kumar
Co-founder of Razorpay (Managing Director). A computer science graduate from IIT Roorkee who previously worked as a software development engineer at Microsoft before starting Razorpay in 2014.

Funding rounds

Series F2021-12-19₹3112.50 CrLed by Lone Pine Capital, Alkeon Capital and TCV
Series E2021-04-19₹1328.00 CrLed by Sequoia Capital and GIC
Series D2020-10-01₹830.00 CrLed by GIC and Sequoia Capital
Series C2019-06-18₹622.50 CrLed by Ribbit Capital and Sequoia India

Financials

MCA / self-reported

Fiscal year	Revenue	Profit / (Loss)	Employees
FY22	₹1481.20 Cr	+₹7.30 Cr	—
FY23	₹2279.00 Cr	+₹7.20 Cr	—
FY24	₹2068.00 Cr	+₹34.00 Cr	—

The full story

Rich-text rendering of long_story is wired in the design pass.

Timeline

2025-05Reverse flip to India completed — Razorpay completed moving its domicile and global headquarters from the US to India, reportedly paying around $150 million in taxes, ahead of a planned IPO.
2021-12Valuation reaches $7.5 billion — Razorpay raised a $375 million Series F co-led by Lone Pine Capital, Alkeon Capital and TCV at a $7.5 billion valuation, its largest round to date.
2020-10Became a unicorn — The $100 million Series D round led by GIC and Sequoia pushed Razorpay's valuation past $1 billion.
2015Joined Y Combinator (W15) — Razorpay was accepted into Y Combinator's Winter 2015 batch, a turning point that helped it gain credibility and refine its product.
2014-12Razorpay founded — Harshil Mathur and Shashank Kumar found Razorpay to build a developer-friendly payment gateway for Indian businesses.

Data sources

seed-list + Crunchbase ODM↗ · last fetched 2026-05-28
Editorial (press release)↗ · last fetched 2026-05-28
Editorial (press release)↗ · last fetched 2026-05-28
DPIIT (Startup India)↗ · last fetched 2026-05-28
Wikidata↗ · last fetched 2026-05-28
GitHub API↗ · last fetched 2026-05-28
Wikidata↗ · last fetched 2026-05-28
favicon↗ · last fetched 2026-05-31
Razorpay official blog↗ · last fetched 2026-06-01
Razorpay official newsroom↗ · last fetched 2026-06-01
Entrackr (FY24 financials, citing RoC filings)↗ · last fetched 2026-06-01
Entrackr (FY23 financials, citing MCA/RoC filings)↗ · last fetched 2026-06-01
Entrackr (Series C round)↗ · last fetched 2026-06-01
Banking Gateway (Series D round)↗ · last fetched 2026-06-01
Business Standard (2025 reverse flip to India)↗ · last fetched 2026-06-01
YourStory (founders background)↗ · last fetched 2026-06-01
Y Combinator company profile↗ · last fetched 2026-06-01