{"id":1614,"date":"2023-09-19T12:29:11","date_gmt":"2023-09-19T12:29:11","guid":{"rendered":"https:\/\/www.founderlabs.in\/?p=1614"},"modified":"2023-09-19T12:29:11","modified_gmt":"2023-09-19T12:29:11","slug":"fintech-major-razorpay-on-an-acquisition-spree","status":"publish","type":"post","link":"https:\/\/www.founderlabs.in\/?p=1614","title":{"rendered":"Fintech Major Razorpay On an Acquisition Spree"},"content":{"rendered":"\n

Razorpay is a leading fintech company known for its ground-breaking innovations that have made payments simpler and super quick. The company that powers payments for business giants like Zomato, CRED, Ola, Swiggy, and many more is on an expansion spree and has recently acquired Mumbai-based Digital invoicing and customer engagement startup BillMe. <\/p>\n\n\n\n

The acquisition, eighth by Razorpay will help it in providing an integrated platform to merchants and facilitate cross-sales, promotions, and video embeds. Other prominent acquisitions by the fintech unicorn include Exetap, PshVine, iZealiant Technologies, and Curlec.
Here is a look at Razorpay that was voted as the Economic Times Startup<\/a> of the year 2022 and its progress over the years.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Motivation<\/strong>
Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay offers financial solutions software that helps companies manage their banking and digital payments. The motivation for starting this venture was the pathetic state of online payment gateway solutions available to businesses. <\/p>\n\n\n\n

The founders of RazorPay built a payment ecosystem from scratch with the focus of making it easy for businesses to pay and accept payments.
The company claims to power payments for business giants like Zomato, CRED, Ola, Swiggy, and many more. Razorpay was voted as the Economic Times Startup of the year 2022.<\/p>\n\n\n\n

\u201cWhile building a scalable startup, there are no shortcuts to success\u201d- Harshil Mathur.<\/strong><\/p>\n\n\n\n

Offerings<\/strong>
Used by over 10 million businesses, this Bangalore-headquartered company provides access to all payment modes including credit\/debit cards, net banking, UPI, and several popular wallets. <\/p>\n\n\n\n

The company\u2019s software allows businesses to have fully functional current accounts, and accept, and disburse online payments at a supersonic speed besides automating payroll compliance. Other services offered by Razorpay are:
* It operates a neo-banking platform and offers credit cards and working to businesses.
* It offers an international payment gateway that supports more than 90 currencies
* Tax collation and compliance disbursement services
* Generating payment links that can be shared via mail or instant messaging
* Automatic reconciliation of incoming transactions using virtual accounts and Unified Payment System IDs.
* Subscription plans for automated recurring transactions on various payment modes.<\/p>\n\n\n\n


Funding and Valuation<\/strong>
<\/p>\n\n\n\n

RazorPay has raised over $740 million in the past seven years and its major investors include Lone Pine Capital, Alkeon Capital, TCV, Tiger Global, Sequoia Capital India, GIC, and YCombinator. The latest round of funding values the company at $7.5 billion making it one of the fastest-growing unicorns in India.
This fintech intends to build new banking solutions that will help businesses in handling compliance and operations.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Financial Performance:<\/strong> The company reported operating revenues of Rs 1481.2 crore in FY22, up 76% from the previous year’s level of Rs 841.2 crore. RazorPay\u2019s major revenues come from its payment gateway commissions. Expenses of this payment services provider also increased by 76% to Rs 1,476.5 crore in FY22 from Rs 838.90 crore in FY21. The company reported marginal profit growth of 19.2% at Rs 7.38 crore.<\/p>\n\n\n\n

Competitors:<\/strong> PayU, Paytm, PayPal India, CCAvenue, and BillDesk<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Razorpay is a leading fintech company known for its ground-breaking innovations that have made payments simpler and super quick. The company that powers payments for business giants like Zomato, CRED, Ola, Swiggy, and many more is on an expansion spree and has recently acquired Mumbai-based Digital invoicing and customer engagement startup BillMe. The acquisition, eighth […]<\/p>\n","protected":false},"author":1,"featured_media":1615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[642],"tags":[416,102,417,415,418],"class_list":{"0":"post-1614","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technology-innovation","8":"tag-acquisition","9":"tag-fintech","10":"tag-harshil-mathur","11":"tag-razorpay","12":"tag-shashank-kumar"},"yoast_head":"\nFintech Major Razorpay On an Acquisition Spree - Founderlabs<\/title>\n<meta name=\"description\" content=\"Razorpay is a leading fintech company known for its ground-breaking innovations that have made payments simpler and super quick.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.founderlabs.in\/?p=1614\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fintech Major Razorpay On an Acquisition Spree\" \/>\n<meta property=\"og:description\" content=\"Razorpay is a leading fintech company known for its ground-breaking innovations that have made payments simpler and super quick.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.founderlabs.in\/?p=1614\" \/>\n<meta property=\"og:site_name\" content=\"Founderlabs\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/founderlabsindia\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-19T12:29:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.founderlabs.in\/wp-content\/uploads\/2023\/09\/rozerpay.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1161\" \/>\n\t<meta property=\"og:image:height\" content=\"832\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.founderlabs.in\/wp-content\/uploads\/2023\/09\/rozerpay.png\" \/>\n<meta name=\"twitter:creator\" content=\"@founderlabs_ind\" \/>\n<meta name=\"twitter:site\" content=\"@founderlabs_ind\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=1614#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=1614\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/#\\\/schema\\\/person\\\/cb4a406b1f3e4fdc2d31bb540a9eb098\"},\"headline\":\"Fintech Major Razorpay On an Acquisition Spree\",\"datePublished\":\"2023-09-19T12:29:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=1614\"},\"wordCount\":485,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=1614#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.founderlabs.in\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/rozerpay.png\",\"keywords\":[\"Acquisition\",\"fintech\",\"Harshil Mathur\",\"Razorpay\",\"Shashank Kumar\"],\"articleSection\":[\"Ecosystem Updates\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.founderlabs.in\\\/?p=1614#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=1614\",\"url\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=1614\",\"name\":\"Fintech Major Razorpay On an Acquisition Spree - 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