• The AI startup said that it plans to use the fresh capital to deepen Kily's product capabilities, strengt ...More

    The AI startup said that it plans to use the fresh capital to deepen Kily's product capabilities, strengthen its go-to market initiatives, and accelerate adoption across India's largest consumer brands. The company said its AI agents help brands manage pricing, advertising, inventory and marketplace operations by analysing real-time marketplace data and autonomously executing decisions. ...Less

  • Superleap, an enterprise AI CRM platform, secured Rs 36 crore funding from Peak XV Partners' Surge. This ...More

    Superleap, an enterprise AI CRM platform, secured Rs 36 crore funding from Peak XV Partners' Surge. This capital will fuel AI capabilities and expand its market presence both domestically and internationally. The startup focuses on large organizations migrating from legacy CRM systems with minimal disruption. Superleap's enterprise-first strategy targets high contract values, differentiating it from many SaaS firms. Generative AI is expected to reshape the enterprise CRM market, challenging established vendors. ...Less

  • Nykaa reported strong quarterly growth, on the back of healthy sales across its businesses. This and more ...More

    Nykaa reported strong quarterly growth, on the back of healthy sales across its businesses. This and more in today's ETtech Top 5. ...Less

  • Profit after tax fell 41% to Rs 11.15 crore from Rs 18.77 crore in FY25. The value of payments processed ...More

    Profit after tax fell 41% to Rs 11.15 crore from Rs 18.77 crore in FY25. The value of payments processed by the company, however, rose about 67% to nearly $50 billion from around $30 billion, while gross profit increased 51% to Rs 227 crore from roughly Rs 150 crore, the company said. ...Less

  • Anthropic Claude Cost India: Anthropic now offers its Claude AI assistant with pricing in Indian rupees. ...More

    Anthropic Claude Cost India: Anthropic now offers its Claude AI assistant with pricing in Indian rupees. This move simplifies payments and removes currency conversion fees for users. India has become Anthropic's second-largest global market after the United States. The company recently opened an office in Bengaluru to support its growth. Localized pricing is crucial for competing in India's tech market. ...Less

  • One of the early movers in the payments processing business, targeting small business and merchants, PayU ...More

    One of the early movers in the payments processing business, targeting small business and merchants, PayU has grown into a larger fintech firm by growing through the acquisition route. It entered the credit business by acquiring Mumbai-based fintech startup PaySense in 2020 and rebranded the product PayU Finance. ...Less

  • The development comes nearly four years after Navi first filed for an IPO, seeking to raise Rs 3,350 cror ...More

    The development comes nearly four years after Navi first filed for an IPO, seeking to raise Rs 3,350 crore. The company received an approval from the Securities and Exchange Board of India (Sebi) in September 2022 for the issue, but put the plan on hold amid market volatility and a sharp decline in technology stocks. ...Less

  • Fintech startup Navi, co-founded by Sachin Bansal, is planning to file draft IPO papers in the March quar ...More

    Fintech startup Navi, co-founded by Sachin Bansal, is planning to file draft IPO papers in the March quarter of FY27 to raise about Rs 3,000 crore. The IPO is likely to include a mix of fresh equity and an offer for sale, with the final structure yet to be decided. Kotak Investment Banking has been appointed to manage the issue. ...Less

  • Visa's 'Payment Passkey' solution, launched in India, aims to enhance digital payment security beyond pas ...More

    Visa's 'Payment Passkey' solution, launched in India, aims to enhance digital payment security beyond passwords and OTPs. Leveraging device biometrics like fingerprint and facial recognition, it offers a more seamless and secure authentication experience. This move aligns with India's evolving digital payments landscape, emphasising trust alongside scale, and positions the nation for a future driven by AI-powered commerce. ...Less

  • Cred’s angels, institutional investors score big in Meta deal

    The sale is part of Meta’s $900 million investment in Cred, which valued the Kunal Shah-founded company a ...More

    The sale is part of Meta’s $900 million investment in Cred, which valued the Kunal Shah-founded company at about $4 billion. The transaction has allowed several early backers to partly cash out at a time when large private market exits remain scarce, and venture funds are under pressure to return capital to their investors. ...Less

  • UK overtakes India in global unicorn rankings as AI-driven valuations surge: Hurun

    India has dropped to fourth place globally in unicorn rankings, with the UK now holding third position. W ...More

    India has dropped to fourth place globally in unicorn rankings, with the UK now holding third position. While the US and China lead, India's startup ecosystem saw slower growth in new unicorns, though several went public. Artificial intelligence is driving massive valuations across sectors, significantly boosting the AI and cybersecurity industries worldwide. ...Less

  • Razorpay begins IPO process; files confidential DRHP to raise Rs 5,000-6,000 crore

    Fintech major Razorpay has officially commenced its IPO journey by filing its draft red herring prospectu ...More

    Fintech major Razorpay has officially commenced its IPO journey by filing its draft red herring prospectus with SEBI, aiming to raise Rs 5,000-6,000 crore. This move follows shareholder approval for a fresh issue and an offer-for-sale component, marking a significant step after its reverse flip to India. ...Less

  • Razorpay confidentially files IPO papers with Sebi

    Fintech firm Razorpay is preparing for its stock market debut. The company has confidentially filed for a ...More

    Fintech firm Razorpay is preparing for its stock market debut. The company has confidentially filed for an initial public offering. Razorpay aims to raise between $600 million and $700 million. Its valuation is expected to be between $5 billion and $6 billion. This move signals a significant step for the digital payments giant. ...Less

  • Kunal Shah net worth and his inCREDible journey to Meta's WhatsApp

    Kunal Shah, the visionary behind CRED and FreeCharge, is now the Global Head of WhatsApp. This significan ...More

    Kunal Shah, the visionary behind CRED and FreeCharge, is now the Global Head of WhatsApp. This significant appointment, coupled with Meta's substantial investment in CRED, underscores Shah's remarkable entrepreneurial journey. From his early ventures to building a fintech unicorn, Shah's influence in the startup world continues to grow, now extending to a global tech giant. ...Less

  • Sarvam joins unicorn club; Razorpay lines up IPO

    Fresh funding has propelled Sarvam AI into the unicorn club. This and more in today’s ETtech Top 5. ...More

    Fresh funding has propelled Sarvam AI into the unicorn club. This and more in today’s ETtech Top 5. ...Less

  • Meta’s Chris Cox sought Kunal Shah’s WhatsApp advice - then made him leader

    Meta Chief Product Officer Chris Cox reached out to Shah directly in the spring, seeking advice on pickin ...More

    Meta Chief Product Officer Chris Cox reached out to Shah directly in the spring, seeking advice on picking the future leader of WhatsApp. Cox had been calling entrepreneurs and investors in places like India, Brazil and Mexico, countries where WhatsApp is a dominant part of business and culture, and Shah’s ideas about the future of the app left an immediate impression. ...Less

  • Sarvam’s unicorn raise; Big exits in new IPOs

    Happy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in tod ...More

    Happy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in today’s ETtech Morning Dispatch. ...Less

  • Pocket FM begins reverse flip talks; eyes potential India IPO

    Audio entertainment startup Pocket FM is reportedly in discussions to shift its holding structure back to ...More

    Audio entertainment startup Pocket FM is reportedly in discussions to shift its holding structure back to India, signalling potential plans for a domestic public listing. This move follows rival Kuku Technologies' formal steps towards an IPO, intensifying focus on India's growing audio and mobile-first storytelling market. ...Less

  • Forget scrolling, DoorDash's new AI chatbot lets you order dinner like you're chatting with a friend

    DoorDash on June 11th launched a new AI-powered chatbot that lets users order food, groceries, and restau ...More

    DoorDash on June 11th launched a new AI-powered chatbot that lets users order food, groceries, and restaurant reservations using simple prompts and photos. The feature marks a shift toward conversational commerce, where AI understands user intent and handles tasks directly. From turning recipe photos into shopping carts to helping users discover meals through natural conversations, the new feature offers a glimpse into how AI is reshaping everyday consumer experiences. ...Less

  • OpenAI to invest more in teams, partnerships in India, says Thomas Jeng

    Codex has grown 27x since early 2026, and more than quarter of user requests on the platform are for non- ...More

    Codex has grown 27x since early 2026, and more than quarter of user requests on the platform are for non-coding tasks, the company said in a report. ...Less

  • Kuku FM's parent confidentially files for Rs 3,500 crore IPO

    Audio and video platform Kuku has confidentially filed draft papers with Sebi for a Rs 3,500 crore IPO. T ...More

    Audio and video platform Kuku has confidentially filed draft papers with Sebi for a Rs 3,500 crore IPO. The company aims for a Rs 15,000 crore valuation. Kuku expects a sevenfold revenue jump to Rs 1,400 crore in fiscal 2026. This move signals significant growth aspirations for the digital content provider. ...Less

  • Observability firm Coralogix deepens India bet as AI security demand rises

    Israeli observability platform Coralogix is significantly expanding its operations in India, a key growth ...More

    Israeli observability platform Coralogix is significantly expanding its operations in India, a key growth market, as enterprises adopt AI-driven digital infrastructure. The company, which has raised $200 million in new funding, aims to make India its most important office outside Israel and the US, leveraging the country's massive scale and advanced tech ecosystem. ...Less

  • Razorpay eyes omnichannel focus for offline push: sources

    Online payments firm Razorpay has scaled back its offline expansion plans due to sluggish growth in the v ...More

    Online payments firm Razorpay has scaled back its offline expansion plans due to sluggish growth in the vertical. Following its Ezetap acquisition, the company is now focusing on merchants needing both online and offline payment solutions, rather than aggressive field team expansion. This strategic shift aligns with Razorpay's IPO preparations and a focus on a more profitable core business. ...Less

  • Agentic platform Codex adoption in India up 27x since January, says OpenAI

    India's adoption of OpenAI's Codex has surged 27x since early 2026, placing it among the top five global ...More

    India's adoption of OpenAI's Codex has surged 27x since early 2026, placing it among the top five global markets. The platform is increasingly used for non-coding tasks, democratising app and website creation for non-technical users. Codex is also accelerating product development and automating repetitive work, with significant enterprise collaborations underway. ...Less

  • Razorpay’s valuation rises to $7.5 billion after $375-million funding

    Razorpay’s valuation has increased by more than seven times since it turned unicorn in October 2020 due t ...More

    Razorpay’s valuation has increased by more than seven times since it turned unicorn in October 2020 due to a pandemic-induced surge in demand for its payments gateway platform and neobanking vertical RazorpayX. ...Less

  • Razorpay gets $160 mn funding, valuation trebles in less than 6 months

    Razorpay will use the funding to expand into Malaysia, Indonesia and Singapore, CEO Harshil Mathur says. ...More

    Razorpay will use the funding to expand into Malaysia, Indonesia and Singapore, CEO Harshil Mathur says. The company is also in the process of acquiring a SaaS startup and hiring 600 people in India and overseas to grow its neobank Razorpay X. ...Less

  • Razorpay’s payments entity reports flat profit of Rs 7.3 crore in FY23

    Razorpay Software Pvt Ltd saw its revenue from operations grow 54% in FY23 to Rs 2,279 crore from Rs 1,48 ...More

    Razorpay Software Pvt Ltd saw its revenue from operations grow 54% in FY23 to Rs 2,279 crore from Rs 1,481 crore in FY22. Employee benefits and salaries were one of the biggest cost centres for the startup, comprising 28% of the total expenses. ...Less

  • Razorpay elevates Khilan Haria as chief product officer

    In the role of CPO, Haria will be responsible for shaping the company’s product strategy and enhancing Ra ...More

    In the role of CPO, Haria will be responsible for shaping the company’s product strategy and enhancing Razorpay’s product stack. ...Less

  • Regulations slow growth but reward patient founders: Razorpay’s Harshil Mathur at YC Startup School

    Razorpay CEO Harshil Mathur highlighted the advantages of operating in regulated spaces, noting the compa ...More

    Razorpay CEO Harshil Mathur highlighted the advantages of operating in regulated spaces, noting the company's explosive growth in India's payments market, now exceeding $180 billion in volume. He shared early challenges, including a bank pulling support, but emphasized how adaptability, like embracing UPI, fueled their success, especially during the pandemic's D2C boom. ...Less

  • Fintech unicorn Razorpay acquires Ezetap in a cash-and-equity deal

    Sources told ET that Razorpay has paid $150 million for the deal, of which $100 million will be cash payo ...More

    Sources told ET that Razorpay has paid $150 million for the deal, of which $100 million will be cash payouts to Ezetap’s shareholders. ...Less

  • Razorpay and superU AI partner to launch real-time agentic payment system

    Razorpay and superU AI have partnered to create a transaction system where AI agents handle sales and pay ...More

    Razorpay and superU AI have partnered to create a transaction system where AI agents handle sales and payments with zero human intervention. This collaboration allows users to complete purchases through natural conversation, eliminating the need for apps or manual checkout processes. ...Less

  • Razorpay FY25 results: Revenue grows 65%, but net loss stands at Rs 1,209 crore

    Razorpay’s revenue jumped 65% to Rs 3,783 crore in FY25, driven by payments, POS, loyalty, banking, and g ...More

    Razorpay’s revenue jumped 65% to Rs 3,783 crore in FY25, driven by payments, POS, loyalty, banking, and global operations. Gross profit rose 41% to Rs 1,277 crore, but the company posted a Rs 1,209 crore loss due to restructuring and tax costs after shifting its headquarters to India. ...Less

  • Razorpay completes reverse flip from US to India with MCA approval

    Razorpay had applied to the regulators for the reverse flip under amended rules, which do not require com ...More

    Razorpay had applied to the regulators for the reverse flip under amended rules, which do not require companies to apply to the NCLT. Razorpay needed approval from the Reserve Bank of India (RBI) and eventually a nod from the Ministry of Corporate Affairs. ...Less

  • GIC, Sequoia in Razorpay's $100 million round; valuation may hit $1 billion

    Razorpay will focus on rolling out products related to vendor management, invoice management, tax payment ...More

    Razorpay will focus on rolling out products related to vendor management, invoice management, tax payment and expense management for RazorpayX. ...Less

  • Razorpay looks to hire more than 650 employees in next 10 months

    The newly minted unicorn, whose business trebled in a pandemic year, currently employs 1,300 people—550 o ...More

    The newly minted unicorn, whose business trebled in a pandemic year, currently employs 1,300 people—550 of which came on board in the last year itself. ...Less

  • Razorpay gets RBI's cross-border licence to boost global payments from India

    Razorpay has received the Payment Aggregator – Cross Border licence from the RBI, allowing it to handle b ...More

    Razorpay has received the Payment Aggregator – Cross Border licence from the RBI, allowing it to handle both inward and outward international payments. The move strengthens its regulated infrastructure for global transactions, enabling Indian businesses to accept 130+ currencies and international companies to operate in India seamlessly through a single platform. ...Less

  • Razorpay launches tokenisation solution in partnership with Mastercard, RuPay and Visa

    The 'Razorpay TokenHQ' will work across all major card networks including Mastercard, RuPay and Visa, and ...More

    The 'Razorpay TokenHQ' will work across all major card networks including Mastercard, RuPay and Visa, and almost the entire base of five million businesses using Razorpay's services will be ready to support tokenised card transactions, a statement said. ...Less

  • Razorpay acquires payments tech startup IZealiant Technologies

    The deal marks Razorpay’s fifth acquisition since its inception in 2014. The company made its internation ...More

    The deal marks Razorpay’s fifth acquisition since its inception in 2014. The company made its international foray last month, after it acquired Malaysian fintech firm Curlec. ...Less

  • Hackers, fraudulent customers steal Rs 7.38 crore from payment gateway firm Razorpay

    In his complaint to the South East Cyber Crime Cell lodged on May 16, Razorpay's Head of Legal Disputes a ...More

    In his complaint to the South East Cyber Crime Cell lodged on May 16, Razorpay's Head of Legal Disputes and Law Enforcement Abhishek Abhinav Anand said the company was unable to reconcile receipt of Rs 7.38 crore against 831 transactions. ...Less

  • Razorpay acquires TERA Finlabs in push for startup, MSME loans

    Razorpay Capital along with TERA Finlab's technology capabilities will be able to service the credit need ...More

    Razorpay Capital along with TERA Finlab's technology capabilities will be able to service the credit needs of more than 10,000 startups and MSMEs in India by next year, according to a statement. ...Less

  • Mobikwik ties up with Razorpay

    Mobikwik has entered into a partnership with Razorpay, a payment gateway startup and Y Combinator alum, t ...More

    Mobikwik has entered into a partnership with Razorpay, a payment gateway startup and Y Combinator alum, to eliminate common online payment woes for online retailers. ...Less

  • Exclusive: Razorpay invites banker pitches for IPO; targets Rs 4,500 crore fundraise

    Razorpay has begun formal preparations for a stock market debut, inviting merchant bankers to pitch for i ...More

    Razorpay has begun formal preparations for a stock market debut, inviting merchant bankers to pitch for its IPO mandate, people familiar with the matter told ET. The digital payments firm is looking to raise up to Rs 4,500 in fresh capital. ...Less

  • Razorpay’s funding venture to invest in early-stage B2B companies

    Razorpay Venture Investment Programme, as it is named, will scout for opportunities in sectors like finte ...More

    Razorpay Venture Investment Programme, as it is named, will scout for opportunities in sectors like fintech, travel, healthcare, hospitality, retail and ecommerce. But the company intends to invest only in business-to-business (B2B) startups. The Reserve Bank of India-licensed payment aggregator believes that India will see 10-15 B2B unicorns getting created over the next five years. ...Less

  • Scoop: Razorpay looks at $2 billion valuation in new funding round

    Fintech startup Razorpay is in talks with existing investors such as GIC, Tiger Global and Sequoia Capita ...More

    Fintech startup Razorpay is in talks with existing investors such as GIC, Tiger Global and Sequoia Capital to raise $150-200 million at nearly double its existing valuation. ...Less

  • Razorpay shared donor data with police, claims Alt News

    It alleged that Razorpay had handed over Alt News donor data to the police. "This was done without inform ...More

    It alleged that Razorpay had handed over Alt News donor data to the police. "This was done without informing us, or without even a preliminary investigation of any violation on the part of Alt News," it said. Delhi Police is probing the donations received by Alt News and has arrested its co-founder Mohammed Zubair. ...Less

  • Razorpay buys Ezetap to tap into offline payments

    Razorpay, which is valued at more than $7 billion and offers payment gateway services for online merchant ...More

    Razorpay, which is valued at more than $7 billion and offers payment gateway services for online merchants, said in a statement that the acquisition was its biggest to date. Ezetap, whose products include point-of-sale machines, processes more than $10 billion in annual transactions in India. ...Less

  • Razorpay acquires rewards management company Poshvine

    This is Razorpay’s fourth acquisition this year and the seventh overall. It comes close on the heels of i ...More

    This is Razorpay’s fourth acquisition this year and the seventh overall. It comes close on the heels of its $200-million acquisition of offline point-of-sale (PoS) firm Ezetap in August this year ...Less

  • Delhi HC orders Meta, WhatsApp, NPCI and banks to restrict accounts misusing Razorpay’s identity

    The Delhi High Court has directed social media platforms to remove accounts misusing Razorpay's trademark ...More

    The Delhi High Court has directed social media platforms to remove accounts misusing Razorpay's trademark for fraudulent activities. Banks are instructed to freeze accounts used by fraudsters. Razorpay obtained a John Doe order to prevent unauthorized use of its trademark and protect customers against scams. Legal action taken against fake recruiters on WhatsApp, Facebook, Telegram to maintain brand trust. ...Less

  • Lightspeed, Moore Strategic Ventures invest in Razorpay’s $75 million secondary share sale

    Razorpay said about 650 current and former employees have sold their stock options as part of this share ...More

    Razorpay said about 650 current and former employees have sold their stock options as part of this share sale. According to the company, this is the fourth and biggest Esop (employee stock options programme) buyback since it started operations in 2014. Its previous Esop buyback was for $10 million in March 2021. ...Less

  • Razorpay launches payment pages designed to help 10,000 SMEs with custom-branded hosted pages

    Razorpay Payment Pages will be launched for fee collection at educational institutes, by event organisers ...More

    Razorpay Payment Pages will be launched for fee collection at educational institutes, by event organisers, utility companies for bill payments and more. ...Less

  • Razorpay makes international foray with Curlec acquisition

    Razorpay will take its payments stack, including payment links, payment pages and gateway services, to th ...More

    Razorpay will take its payments stack, including payment links, payment pages and gateway services, to the Malaysian market. Over time, it is expected to take these services to other key Southeast Asian markets including Indonesia, Thailand and the Philippines. ...Less

  • Razorpay in talks for Sequoia-led $100 million infusion

    The fresh capital will be largely used for expansion of the new businesses of the company, known as Razor ...More

    The fresh capital will be largely used for expansion of the new businesses of the company, known as Razorpay 2.0. ...Less

  • Razorpay launches UPI switch in partnership with Airtel Payments Bank

    Razorpay said this infrastructure can handle up to 10,000 transactions per second, at any given time, and ...More

    Razorpay said this infrastructure can handle up to 10,000 transactions per second, at any given time, and enable five times faster access to UPI innovations for businesses. ...Less

  • Razorpay’s forex service to help founders transfer funding to India

    This is the second cross-border offering from Razorpay, which also allows small businesses to accept inte ...More

    This is the second cross-border offering from Razorpay, which also allows small businesses to accept international payments from foreign customers. ...Less

  • Razorpay launches account for Indian exporters, offers savings on overseas bank transfers

    Razorpay on Wednesday announced the launch of its MoneySaver Export Account to offer up to 50 per cent sa ...More

    Razorpay on Wednesday announced the launch of its MoneySaver Export Account to offer up to 50 per cent savings on international bank transfers for Indian exporters. The initiative allows exporters to receive international bank transfers from 160 countries. ...Less

  • Tiger, YC, Yuri Milner to fund payments company, Razorpay

    Sources said Razorpay is likely to raise around Rs 120 crore, mostly from internal investors, as it readi ...More

    Sources said Razorpay is likely to raise around Rs 120 crore, mostly from internal investors, as it readies to take on the likes of Stripe and PayPal as well as domestic competitors. ...Less

  • Razorpay to power UPI on IRCTC

    It added Razorpay's payment gateway is expected to process more than a million transactions a month on IR ...More

    It added Razorpay's payment gateway is expected to process more than a million transactions a month on IRCTC website and mobile app. ...Less

  • Razorpay POS gets RBI nod for offline payment aggregator licence

    With this authorisation, Razorpay now holds all three key RBI licences-online payment aggregator, cross-b ...More

    With this authorisation, Razorpay now holds all three key RBI licences-online payment aggregator, cross-border payment aggregator (secured in December 2025), and offline payment aggregator, according to a company statement. ...Less

  • Fintech firm Pop eyes $10-15 million round from Razorpay, others

    Razorpay’s venture arm could mark its debut with a potential investment into Pop, a Bengaluru-based payme ...More

    Razorpay’s venture arm could mark its debut with a potential investment into Pop, a Bengaluru-based payments and rewards platform. The India Quotient-backed startup is looking to raise $10-$15 million in funding as part of its first major institutional round, sources told us. ...Less

  • Razorpay partners with Telegram for chatbot payments

    Razorpay co-founder Shashank Kumar said this was the first of its kind integration for a payments company ...More

    Razorpay co-founder Shashank Kumar said this was the first of its kind integration for a payments company in India with a chatbot. ...Less

  • Razorpay buys fraud analytics firm Thirdwatch

    Thirdwatch will operate as a subsidiary of Razorpay working out of their Bengaluru office. ...More

    Thirdwatch will operate as a subsidiary of Razorpay working out of their Bengaluru office. ...Less

  • Razorpay sets sight to achieve $50 billion TPV by 2021

    In the last six months, Razorpay has witnessed a 40-45% month-on-month growth. The company recently becam ...More

    In the last six months, Razorpay has witnessed a 40-45% month-on-month growth. The company recently became an unicorn. ...Less

  • Razorpay launches payment buttons for SMEs and startups

    Razorpay’s Payment Buttons provide businesses the option of accepting payments for multiple products, ser ...More

    Razorpay’s Payment Buttons provide businesses the option of accepting payments for multiple products, services and events with different price ranges - all through a single button. ...Less

  • Razorpay lands $75M funding led by Ribbit Capital

    The company plans to use the proceeds on strengthening its two new business lines - neo-banking platform ...More

    The company plans to use the proceeds on strengthening its two new business lines - neo-banking platform Razorpay X and its lending arm Razorpay Credit. ...Less

  • Salesforce Ventures makes 'strategic' investment in Razorpay

    The "strategic" investment will also help Razorpay expand its services in Southeast Asian markets, Harshi ...More

    The "strategic" investment will also help Razorpay expand its services in Southeast Asian markets, Harshil Mathur, the chief executive and co-founder of the Bengaluru-based fintech startup. ...Less

  • Razorpay set to achieve $90 billion TPV by 2022, launches products to help SMEs

    Razorpay’s new products will help SMEs spend less time managing compliance and operations and more time c ...More

    Razorpay’s new products will help SMEs spend less time managing compliance and operations and more time creating new products. ...Less

  • Razorpay doubles down on existing customers as new onboarding remains paused

    On Monday, Razorpay launched its latest solution, Optimizer, which will allow businesses with large trans ...More

    On Monday, Razorpay launched its latest solution, Optimizer, which will allow businesses with large transaction volumes to avoid failures by rerouting them in real time. ...Less

  • Razorpay picks Axis, Kotak, Citi, and JPMorgan to manage its IPO

    Digital payments major Razorpay has appointed Axis Capital, Kotak Mahindra, JP Morgan, and Citibank as in ...More

    Digital payments major Razorpay has appointed Axis Capital, Kotak Mahindra, JP Morgan, and Citibank as investment banks for its upcoming public listing. The company, valued at $7.5 billion, is reportedly aiming for an IPO towards the middle of this year. Razorpay recently completed a reverse-flip to India and competes with listed and soon-to-be-listed fintech players. ...Less

  • NPCI, Razorpay join OpenAI to pilot agentic payments on ChatGPT

    India's National Payments Corporation of India and Razorpay are partnering with OpenAI. This collaboratio ...More

    India's National Payments Corporation of India and Razorpay are partnering with OpenAI. This collaboration will bring agentic payments to ChatGPT for Indian customers. Users can ask ChatGPT to order items, with transactions processed through Razorpay's system. This pilot program explores future AI-driven commerce and autonomous transactions. BigBasket is among the first merchants to support this new payment method. ...Less

  • Razorpay acquires BillMe to build on its omnichannel capabilities

    Founded in 2018, Mumbai-based BillMe helps merchants send digital bills to customers. It also provides cu ...More

    Founded in 2018, Mumbai-based BillMe helps merchants send digital bills to customers. It also provides customer relationship management software to online and offline merchants to help decipher customer behaviour and boost engagement. ...Less

  • Razorpay launches Q-Zap, new solution for faster offline billing

    Razorpay launches Q-Zap for offline payments, reducing billing time by 40% and operating costs by 20%. Of ...More

    Razorpay launches Q-Zap for offline payments, reducing billing time by 40% and operating costs by 20%. Offers seamless integrations with 120+ billing partners for efficient processing. ...Less

  • Ex-Google engineering head Prabhu Rambadran joins Razorpay’s tech leadership

    Razorpay has named Prabhu Rambadran, former Google engineering head, as senior vice president of engineer ...More

    Razorpay has named Prabhu Rambadran, former Google engineering head, as senior vice president of engineering. He will oversee product innovation and technology across payments, banking, intelligence, customer engagement, and core infrastructure. With 18 years’ experience, Prabhu has held multiple leadership roles in various organisations, including Google, Microsoft, and Nutanix. ...Less

  • Razorpay set for confidential IPO filing; valuation may fall to around $5 billion

    The fintech startup, last valued at $7.5 billion, is expected to be questioned on growth sustainability a ...More

    The fintech startup, last valued at $7.5 billion, is expected to be questioned on growth sustainability and the road to profitability; Walmart-backed PhonePe paused its $1.3 billion IPO last month, citing West Asia conflict. ...Less

  • Razorpay launches full-stack payments in Malaysia

    The company had acquired recurring payments startup Curlec in 2022 and its full-stack payment product is ...More

    The company had acquired recurring payments startup Curlec in 2022 and its full-stack payment product is now going live. Razorpay will also leverage Malaysia to enter other South East Asian countries. ...Less

  • ETtech Exclusive | In ‘reverse flip’, Razorpay parent entity plans to return to India from the US

    The Y Combinator-backed Razorpay, valued at $7.5 billion, had to necessarily domicile itself in the US, w ...More

    The Y Combinator-backed Razorpay, valued at $7.5 billion, had to necessarily domicile itself in the US, when it raised funds from the Silicon Valley famed incubator. Razorpay offers payment services to merchants. ...Less

  • Razorpay’s ‘reverse flip’ to India may entail $300 million tax payment in US

    Razorpay will seek clearance from the National Company Law Tribunal (NCLT) in the next two months to merg ...More

    Razorpay will seek clearance from the National Company Law Tribunal (NCLT) in the next two months to merge its American holding company with its India unit. It would then also officially appoint an auditor for the valuation discussions. ...Less

  • RBI directs Razorpay to pause onboarding new merchants

    Razorpay, Stripe and Pine Labs were granted in-principle approvals for payment-aggregator licences in Jul ...More

    Razorpay, Stripe and Pine Labs were granted in-principle approvals for payment-aggregator licences in July. In September, Cashfree had also received an in-principle nod from the banking regulator for its payment-aggregator licence. ...Less

  • Only domestic payments enabled for Alt News: Razorpay

    Amid concerns over the data that Razorpay may have shared, he said the specific scope of the investigatin ...More

    Amid concerns over the data that Razorpay may have shared, he said the specific scope of the investigating agencies' request was only to determine whether there were any foreign donations. "And therefore donors' PAN, address, pin code etc were not shared, which we believed were outside the scope of the investigation," he said. ...Less

  • Need till 2026 to hit full profitability, expect to grow by 50% over previous year: Razorpay CEO

    Razorpay plans to move its parent company to India from the US. The company has applied to the RBI for ap ...More

    Razorpay plans to move its parent company to India from the US. The company has applied to the RBI for approval. It expects a $200 million tax payout to US authorities. Razorpay aims to go public in two years. The shift may reduce its fair market value. The company processes $180 billion in transactions annually. ...Less

  • Razorpay, PayPal come together to help MSMEs

    By integrating PayPal into Razorpay’s payment platform, freelancers and MSMEs will be able to accept inte ...More

    By integrating PayPal into Razorpay’s payment platform, freelancers and MSMEs will be able to accept international payments easily. ...Less

  • Razorpay announces $10 million ESOP sale involving all employees

    All existing and former employees of the company who hold vested stocks will be eligible to sell up to 33 ...More

    All existing and former employees of the company who hold vested stocks will be eligible to sell up to 33% of their vested ESOP shares ...Less

  • Razorpay FY22 net profit up 19% to Rs 7.37 crore

    Revenue from operations for FY22 stood at Rs 1,481.1 crore. ...More

    Revenue from operations for FY22 stood at Rs 1,481.1 crore. ...Less

  • Razorpay partners with vibe coding startup Replit to localise payments for Indian developers

    With this collaboration, Razorpay's payment infrastructure will be integrated with Replit's AI software c ...More

    With this collaboration, Razorpay's payment infrastructure will be integrated with Replit's AI software creation platform, enabling Indian developers to pay for subscriptions easily and turn their AI-built applications into scalable, monetised products. ...Less

  • Lightspeed may invest in Razorpay’s $100 million secondary share sale

    The startup’s angel investors, employees and some other investors are offloading shares in what could be ...More

    The startup’s angel investors, employees and some other investors are offloading shares in what could be one of the company's largest secondary sale deals since it was founded. In a secondary share sale, new investors buy shares from existing investors but the money doesn’t go to the company. ...Less

  • Former OnePlus marketing head, Karan Sarin joins Razorpay

    "At Razorpay, we want to lead and set a high benchmark for B2B marketing and that’s the most exciting par ...More

    "At Razorpay, we want to lead and set a high benchmark for B2B marketing and that’s the most exciting part about my new role," said Sarin. ...Less

  • Razorpay executives try a MarsShot

    A group of top executives from fintech startup Razorpay, including co-founders Harshil Mathur and Shashan ...More

    A group of top executives from fintech startup Razorpay, including co-founders Harshil Mathur and Shashank Kumar, have set up MarsShot Ventures, an investment fund focused on early-stage startups in India. ...Less

  • Razorpay acquires lending firm TERA Finlabs; strengthens MSME play

    TERA Finlabs is an Indian subsidiary of GAIN Credit, a UK digital lender launched in 2018. ...More

    TERA Finlabs is an Indian subsidiary of GAIN Credit, a UK digital lender launched in 2018. ...Less

  • Razorpay payments business reports net profit of Rs 34 crore in FY24; total income at Rs 2,501 crore

    The company said its annualised total payments volume reached $180 billion. The financials are part of Ra ...More

    The company said its annualised total payments volume reached $180 billion. The financials are part of Razorpay Software, within which the domestic payments business is housed. But the Peak XV Partners and Tiger Global-backed company, headquartered in the US, is currently in the process of reverse flipping its head office to India. ...Less

  • As RBI lifts curbs, Razorpay, Cashfree eye lost market share

    With both Razorpay and Cashfree back in the business, industry insiders said there could be a price war b ...More

    With both Razorpay and Cashfree back in the business, industry insiders said there could be a price war breaking out in the online merchant payment space. ...Less

  • Razorpay eyes $90 billion TPV by 2022, launches new solutions to enhance payment experience

    The unicorn, which is backed by investors like Tiger Global, Sequoia Capital India and Mastercard, has an ...More

    The unicorn, which is backed by investors like Tiger Global, Sequoia Capital India and Mastercard, has announced the launch of three new products that are aimed at simplifying payment management processes for businesses. ...Less

  • Razorpay cofounder Shashank Kumar takes over as MD

    Murali Brahmadesam, a former executive at Amazon Web Services (AWS), will take over as CTO and head of en ...More

    Murali Brahmadesam, a former executive at Amazon Web Services (AWS), will take over as CTO and head of engineering in place of Kumar. ...Less

  • Razorpay sets up new independent advisory board

    Digital payments provider ropes in former deputy governor of the Reserve Bank of India N Vishwanathan ...More

    Digital payments provider ropes in former deputy governor of the Reserve Bank of India N Vishwanathan ...Less

  • Razorpay can go public in a few years without raising more funds, say company founders

    Winner or the Startup of the Year category at the ET Startup Awards 2022, Razorpay has already surpassed ...More

    Winner or the Startup of the Year category at the ET Startup Awards 2022, Razorpay has already surpassed its annual gross transaction value (GTV) target of $90 billion for this year, hitting the $100 billion mark even as online businesses are starting to see a slowdown. ...Less

  • Razorpay gets $20 million from Y Combinator, Tiger Global and Matrix Partners

    Razorpay had earlier raised $11.5 million, including a strategic investment by MasterCard in 2016. ...More

    Razorpay had earlier raised $11.5 million, including a strategic investment by MasterCard in 2016. ...Less

  • Razorpay gets $20 million to fend off rivals like PayPal, Stripe

    CEO Harshil Mathur said Razorpay is focused on domestic players and will use the funding to scale up rece ...More

    CEO Harshil Mathur said Razorpay is focused on domestic players and will use the funding to scale up recently launched services for businesses. ...Less

  • Tax payout for domiciling to India is high but we have accounted for it: Razorpay CEO

    “We are at least two years from an IPO... Before that we want other parts of our business to break even a ...More

    “We are at least two years from an IPO... Before that we want other parts of our business to break even and be profitable on all fronts. Our (online) payments business is break-even,” said cofounder and chief executive Harshil Mathur. ...Less

  • Effitrac Solutions partners RazorpayX to empower MSME customers

    The banking platform will empower Effitrac customers with payout links, book-keeping in autopilot mode, a ...More

    The banking platform will empower Effitrac customers with payout links, book-keeping in autopilot mode, automated TDS, and give them access to capital services when needed through Effitrac’s Neobooks. ...Less

  • Razorpay eyes IPO; Sarvam's $1.5 billion leap

    Happy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more ...More

    Happy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch. ...Less

  • ET Soonicorns Summit: Razorpay CFO Arpit Chug says growth key ahead of IPO

    Chug’s comments come in the background of several Indian startups adjusting their business models to show ...More

    Chug’s comments come in the background of several Indian startups adjusting their business models to show profitability ahead of listing, following years of cash burn. The RBI’s tighter regulatory framework for fintechs has also put additional pressure on players like Razorpay to show stronger compliance and sustainable growth. ...Less

  • Razorpay enters Singapore; targets $5 billion in payment volume from Southeast Asia over two years

    The digital payments firm currently processes around $1 billion in TPV in Southeast Asia, said cofounder ...More

    The digital payments firm currently processes around $1 billion in TPV in Southeast Asia, said cofounder and MD Shashank Kumar. ...Less

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