razorpay

Three former Peak XV Partners managing directors are launching Mettle Capital. Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma have formed an equal partnership. This structure is uncommon in Indian venture capital. The firm aims for transparency in governance and economics. Mettle Capital plans to invest in Series A and Series B startups. They are targeting a corpus of $350-400 million.

razorpay has partnered with Google Pay to enhance international payment experiences for Indian businesses. This integration allows foreign clients a familiar checkout process, enabling one-tap payments via Google Pay without requiring card details or extensive verification. This move aims to boost Indian exports by aligning with global digital payment preferences.

New-age insurer Acko, backed by General Atlantic and Accel, is gearing up for its IPO, aiming for an early 2027 launch. The company has appointed Morgan Stanley, ICICI Securities, and Kotak Securities as bankers. Acko targets a valuation of $2-2.5 billion, a significant increase from its previous $1.4 billion. This move comes as India's IPO market navigates global volatility.

"RBI has issued an order a few days back asking razorpay and Cashfree to stop customer onboarding," a source told PTI.

Indian fintech unicorn razorpay has acquired payments platform Ezetap in a deal that values the latter at around $150-200 million. It is razorpay's largest acquisition so far. It's largely a cash deal, with a small equity portion.

Indian fintech unicorn razorpay has acquired payments platform Ezetap in a deal that values the latter at $150-200 million. razorpay’s largest acquisition so far is a largely a cash deal, with a small equity portion.

Fintech platform razorpay is buying back ESOPs worth Rs 578 crore from 650 existing and former employees. Lightspeed Venture Partners along with Moore Strategic Ventures, who will subsequently join the company’s cap table, are joining the funding round.

razorpay, which has been expanding beyond the payments gateway business, will now enable freelancers or micro-entrepreneurs to accept funds online through a link.

razorpay, a business banking platform, announced the launch of a new product line- Forex Service for Startups- which is "100 compliant" with regulatory requirements and will help Indian startups seamlessly transfer the funds they have raised globally to India. In three months since its beta launch, the service has enabled over 15 startups, including Virohan Tortoise Coupl and others that raised funds to bring "crores to India." razorpay's new service extends competitive forex rates and has no hidden costs. Founders say the process of bringing funds raised abroad into India takes up to two months, "to put things in perspective for a 10 million funding inflow at INR 80,000 vs INR 798,000 which is a 20 paise difference in forex rates results in a potential loss of 20 lakhs for a startup when converted." razorpay said "through our conversation with over 50 founders and several global investors we realized that to increase the leverage of foreign funds for the Indian startup ecosystem we needed to solve for the trifecta of dense paperwork compliance and burgeoning costs with an annualised run rate of 350 crore under this forex service so far, we expect this service to scale up by 3x4x in the next financial year." Rahul

Fintech platform razorpay introduces instant refunds for failed UPI transactions, available nationwide. Users receive refunds within two minutes instead of 5-8 business days. This is the industry's first feature. 15% of UPI transactions get stuck, causing merchants to lose 40% of business. razorpay empowers merchants to make instant refunds, enhancing customer satisfaction and trust. Users benefit from the security of their deducted amount and the ability to retry payments.

Fintech platform razorpay on Wednesday announced to acquire IZealiant Technologies, a leading fintech startup that provides payments technology solutions for banks, for an undisclosed sum. The acquisition of Pune-based IZealiant, the fifth by razorpay to date, will strengthen its banking solutions arm that builds innovative tech solutions for banks, the company said in a statement.

Fintech major razorpay on Thursday said it has seen strong growth in the number of payments processed on its platform, and it expects its total payment volume (TPV) to touch $90 billion by end of next year.

razorpay, a fintech unicorn, has officially completed its reverse flip, relocating its parent company from the US to India, making India its global headquarters. This move signifies a strong belief in India's economic future and regulatory environment. razorpay is preparing for an IPO in India between 2026 and 2027, joining other fintech companies listing on Indian exchanges.

Fintech firm razorpay said the total payment volume (TPV) through its platform rose over 300% to $60 billion in 2021. The final figure is also 20% more than the $50 billion it had targeted for the year. Buoyed by this performance, the company is targeting $90 billion in TPV for 2022.

razorpay has extended Rs 1 lakh worth of ESOPs to each of its 3,000+ employees for the first time, reflecting its commitment to an employee-first ethos. Previously, razorpay’s ESOP buybacks have benefited numerous employees, with the latest $75 million buyback in 2022 impacting 650 employees.