Razorpay teams up with Peak XV, Lightspeed to fund and mentor B2B startups

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Payments firm Razorpay has introduced a venture investment programme in collaboration with Peak XV Partners and Lightspeed, to support early-stage B2B startups in India.

The programme aims to invest in 10-15 startups annually, offering up to $1 million each, alongside tailored mentorship, tech integration, and market access, the company said in a statement.

The initiative is backed directly from Razorpay’s balance sheet, with Peak XV and Lightspeed contributing equally.

Through the programme, Razorpay plans to extend access to its API stack, custom integration with its tech platform, and one-on-one guidance from its leadership, including founders. Startups will also gain an entry into the Razorpay Rize network, a community of over 3,000 founders and businesses.

“Building a startup, particularly in the B2B space, is a daunting challenge. Having experienced it firsthand and witnessing founders across industries face this daily, we believe the support system must go beyond just capital," said Harshil Mathur, Razorpay co-founder and chief executive. “With this programme, we hope to simplify the journey for founders by offering more than capital—access to technology, mentorship, and key partnerships."

Peak XV’s Ishaan Mittal and Lightspeed’s Dev Khare voiced enthusiasm about the programme, noting its potential to advance SME-focused innovations by leveraging Razorpay’s payment infrastructure and extensive SME network.

Headed by Vishnu Acharya, Razorpay's head of strategy and corporate development, the programme focuses on supporting startups from pre-seed through Series A stages in industries like fintech, retail, healthcare, and mobility.