Draft:Razorpay
| Submission declined on 19 March 2024 by Guessitsavis (talk). This submission appears to be taken from linkedin.com/posts/akshay-borate-3a279b117_quest-businessresearch-learning-activity-6962671446779150336-yxzU. Wikipedia cannot accept material copied from elsewhere, unless it explicitly and verifiably has been released to the world under a suitably free and compatible copyright license or into the public domain and is written in an acceptable tone—this includes material that you own the copyright to. You should attribute the content of a draft to outside sources, using citations, but copying and pasting or closely paraphrasing sources is not acceptable. The entire draft should be written using your own words and structure.
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| Submission declined on 28 September 2022 by Scope creep (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies. This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are:
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Comment: Article has not changed since it was moved here originally for violating WP:ADMASQ. scope_creepTalk 08:14, 28 September 2022 (UTC)
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| Company type | Private |
|---|---|
| Industry | |
| Founded | May 2014 |
| Founder |
|
| Headquarters | , India |
| Products | Razorpay Payment Gateway, Razorpay Product Suite, RazorpayX Business Banking, Razorpay Capital |
| Services | Payments |
| Revenue |  ₹844 crores (FY2021) |
| ₹7 crores (FY21) | |
Number of employees | 1,996 |
| Subsidiaries | Tera Finlabs, Thirdwatch Data Opfin Software, Curlec Sdn Bhd, IZealiant Technologies |
| Website | razorpay.com |
Razorpay is a fintech company based in India, specialized in providing payment gateway solutions and financial services to businesses of all sizes. Founded in 2014 by Harshil Mathur and Shashank Kumar.
Funding and financials
Fund Raising
| Investor | Transaction | Funds raised[1] | Valuation[1] |
| Y Combinator | Seed | $2.6M | Undisclosed |
| Tiger Global | Series A | $9M | Undisclosed |
| Tiger Global, Y Combinator | Series B | $20M | Undisclosed |
| Ribbit Capital, Sequoia | Series C | $75M | ~450 Million USD |
| GIC Singapore, Sequoia | Series D | $100M | 1 billion USD |
| GIC Singapore, Sequoia | Series E | $160M | 3 billion USD |
| TCV, Alkeon Capital, Lone Pipe | Series F | $375M | 7.5 billion USD |
Yearly results
| Year | Revenue (in crores) | Profits/loss (In crores) | Source |
|---|---|---|---|
| FY 2018 | 90
|
 -13
|
[2] |
| FY 2019 | 197.4
|
-3.2
|
[3] |
| FY 2020 | 519.4
|
-6.1
| |
| FY 2021 | 844
|
7
|
Acquisitions
- Acquired ThirdWatch in 2019, an AI-powered company that specializes in big data to reduce return-to-origin and fraud orders for e-commerce businesses.[4][5]
- Acquired Opfin (RazorpayX) in 2019, a payroll management firm.[6][7][8]
- Acquired TERA Finlabs in 2021, an AI-based risk tech SaaS platform.[9][10][11]
- Acquired PoshVine in 2022, customer loyalty and rewards[12]
See also
References
- ^ a b Mishra, Digbijay. "Razorpay's valuation rises to $7.5 billion after $375-million funding". The Economic Times. Retrieved 2022-05-22.
- ^ Vardhan, Jai; Tyagi, Gaurav (2019-12-06). "Razorpay revenue jumps 2X in FY19 as it inches close to being cash flow positive". Entrackr. Retrieved 2022-05-22.
- ^ "Fintech Unicorn Razorpay Turns Profitable As Revenue Crosses INR 800 Cr In FY21". Inc42 Media. 2022-03-11. Retrieved 2022-05-22.
- ^ Abrar, Peerzada (2019-08-05). "Razorpay acquires Gurgaon-based fraud prevention AI startup Thirdwatch". Business Standard India. Retrieved 2021-08-08.
- ^ Bhakta, Pratik. "Razorpay buys fraud analytics firm Thirdwatch". The Economic Times. Retrieved 2021-08-08.
- ^ "Business boost: Razorpay acquires Opfin; to promote digital growth". The Financial Express. 2019-11-23. Retrieved 2021-08-08.
- ^ "Payments company Razorpay buys payroll management firm Opfin - Times of India". The Times of India. Nov 23, 2019. Retrieved 2021-08-08.
- ^ "Razorpay acquires Opfin, introduces corporate credit cards with RBL". Business Insider. Retrieved 2021-08-08.
- ^ PYMNTS (2021-07-19). "Razorpay Acquires Startup TERA Finlabs". www.pymnts.com. Retrieved 2021-08-08.
- ^ "Razorpay acquires TERA Finlabs in push for startup, MSME loans". The Economic Times. Retrieved 2021-08-08.
- ^ Bhalla, Tarush (2021-07-19). "Razorpay acquires TERA in its 3rd buyout". mint. Retrieved 2021-08-08.
- ^ "PoshVine 7th acquisition". Moneycontrol.
Category:Indian companies established in 2014 Category:Payment service providers