# Razorpay Software Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/razorpay-software-private

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.razorpay.com
- Total disclosed funding: $739M
- Latest round: Series F (Dec 20, 2021)
- Investors on record: 9

## About

Based in Bangalore, India, and founded in 2014 by IIT Roorkee alumni Harshil Mathur and Shashank Kumar, Razorpay Software Private Limited is a fintech company that aims to revolutionize money management for online businesses by providing clean, developer-friendly APIs and hassle-free integration. In May 2022, Lightspeed Venture Partners and Moore Strategic Ventures acquired a stake amounting USD 74.7 million in Razorpay Software Private Limited.

Razorpay Software Private Limited offers RazorpayX that gives access to all payment modes including credit card, debit card, net banking, UPI, and popular wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money, and PayZapp.

The firm generates its revenue by offering customer subscription plans with automated recurring transactions on various payment modes, through a platform that's built for automation. The subscription includes a standard plan for small and medium enterprises and an enterprise plan for large volumes.

Razorpay Software Private Limited plans to expand its operations, particularly in Asia and plans to use the April 2021 funding for RazorpayX to develop tailored products on a new tech stack to further enhance convenience and security.

## Funding rounds

- Series F, Dec 20, 2021, $375M — Hong Shan, TCV, GIC, Tiger Global Management, Alkeon Capital Management, Lone Pine Capital, Y Combinator
- Series E, Apr 19, 2021, $160M — Matrix Partners, Hong Shan, GIC, Tiger Global Management, Ribbit Capital
- Series D, Oct 12, 2020, $100M — Matrix Partners, Hong Shan, GIC, Tiger Global Management, Y Combinator, Ribbit Capital
- Series C, Jun 18, 2019, $75M — Hong Shan, Tiger Global Management, Y Combinator, Ribbit Capital
- Series B, Jan 15, 2018, $20M — Matrix Partners, Tiger Global Management, Y Combinator
- Series A, Oct 27, 2015, $9M — Matrix Partners, Tiger Global Management
- Seed, Mar 23, 2015, $0.1M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series B, Series C, Series D, Series F
- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series A, Series B, Series D, Series E
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A, Series B, Series C, Series D, Series E, Series F
- Hong Shan — Series C, Series D, Series E, Series F
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series C, Series D, Series E
- GIC — Series D, Series E, Series F
- TCV (https://capitalatlas.ai/funds/tcv) — Series F
- Alkeon Capital Management (https://capitalatlas.ai/funds/alkeon-capital-management) — Series F
- Lone Pine Capital — Series F