Razorpay is a payments company that provides payment solutions to online merchants in India. Razorpay was founded in 2013 and is headquartered in Bangalore, India. Razorpay is the second Indian company to get selected for Y Combinator's startup program in the Silicon Valley. Razorpay allows online businesses to accept and process digital payments through payment modes like debit cards, credit cards, net banking, UPI and prepaid digital wallets. Razorpay payment solutions can be integrated by both web and mobile applications.
Video Razorpay
History
Razorpay was founded in 2013 by IIT Roorkee alumni Shashank Kumar and Harshil Mathur in Jaipur and was selected in the winter batch of Y Combinator's startup program in 2015.
Maps Razorpay
Funding
After being incubated by Y Combinator in 2015, Razorpay raised a seed funding of $2.5 million, which was led by Matrix Partners and included 33 other angel investors like Justin Kan, Ram Shriram, Naveen Tewari and Kunal Shah.
In September 2015, Razorpay raised a total of $9 mil in Series A funding with participation from Matrix Partners and Tiger Management.
In July 2016, Mastercard made a strategic investment in Razorpay. This investment was part of the 'Start Path' program launched by MasterCard.
Product
Razorpay 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 popular backend technologies and e-commerce platforms.
Recognition
- 2016 - Nasscom 'League of 10' Companies
- 2017 - Financial Express Software Product of the Year, Runner up
- 2017 - Founders Shashank Kumar and Harshil Mathur got selected for the 'Forbes 30 Under 30'
- 2017 - Best POS Innovation, Bronze Award, PYMNTS.com
See also
- List of Y Combinator startups
References
External links
- Official website
Source of article : Wikipedia
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