# Razorpay

> Razorpay is an Indian financial technology company that lets businesses accept payments, send payouts, run banking, pay salaries, and borrow working capital from a single developer-friendly platform. Founded in 2014 by two IIT Roorkee engineers, it now processes an estimated $180 billion a year in total payment volume for millions of businesses, from corner-shop merchants to Swiggy and Zomato, and is preparing for a public listing in India.

- **Founded:** 2014
- **Headquarters:** Bengaluru, India
- **Founders:** Harshil Mathur (Co-founder & CEO), Shashank Kumar (Co-founder & Managing Director (former CTO))
- **Team size:** ~4,000-5,000 employees
- **Products:** Payment Gateway, Payment Links, Pages & Buttons, Smart Collect & Subscriptions, RazorpayX, RazorpayX Payroll
- **Notable:** Processes an estimated $180 billion in annualised total payment volume, Grew from a Y Combinator startup to a $7.5 billion valuation in roughly seven years, Reported ~65% revenue growth in FY25 with online payments turning EBITDA-profitable

## Products & services

- **Payment Gateway** — Online payment acceptance supporting 100+ methods - cards, UPI, netbanking, wallets, EMI and pay-later - with a developer-first API.
- **Payment Links, Pages & Buttons** — No-code and low-code ways for businesses to collect money without building a full checkout.
- **Smart Collect & Subscriptions** — Virtual accounts for reconciliation and recurring billing for subscription businesses.
- **RazorpayX** — Business banking suite - current accounts, payouts, corporate cards, escrow and cash-flow tooling built on partner banks.
- **RazorpayX Payroll** — Automated payroll with compliance, tax and salary disbursal for startups and SMBs.
- **Razorpay Capital** — Working-capital loans and cash advances underwritten on a merchant's payment history.
- **Instant Settlements** — Access to settled funds on demand instead of waiting the standard settlement cycle.
- **UPI Switch** — A UPI infrastructure stack (launched with Airtel Payments Bank) for high-throughput UPI transactions.
- **POP (consumer UPI)** — A rewards-led consumer UPI payments app acquired to extend Razorpay into B2C payments.
- **Agentic Payments & Agent Studio** — Payment and banking tooling for AI agents and AI-native builders.

## Achievements

- Processes an estimated $180 billion in annualised total payment volume
- Grew from a Y Combinator startup to a $7.5 billion valuation in roughly seven years
- Reported ~65% revenue growth in FY25 with online payments turning EBITDA-profitable
- Completed redomiciliation from the US back to India ahead of a planned domestic IPO
- Expanded from a single payment gateway into payments, banking, payroll, lending and AI payments

## Latest updates

- **2026-06** — Razorpay confidentially filed its draft IPO papers (DRHP) with SEBI, reportedly targeting a raise in the ₹5,000-6,000 crore range.
- **2026-02** — Company signalled formal IPO intentions as preparations advanced.
- **2025-06** — Acquired a majority stake in consumer UPI app POP for a reported $30M, entering B2C payments.
- **2025-03** — FY25 revenue reached ~₹3,783 crore (+65%); posted a net loss largely from ESOP and redomicile-related tax costs.
- **2024-04** — Launched UPI Switch with Airtel Payments Bank for high-throughput UPI transactions.

## Links

- Website: https://razorpay.com
- LinkedIn: http://www.linkedin.com/company/razorpay
- Twitter/X: https://twitter.com/razorpay
- GitHub: https://github.com/razorpay
- YouTube: https://www.youtube.com/c/razorpay
- Instagram: https://www.instagram.com/razorpay/
- Facebook: https://facebook.com/Razorpay/

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Profile page: https://yespress.io/razorpay
Published by YesPress — https://yespress.io
Last updated: 2026-08-16