Razorpay is the second large fintech startup that has joined the ONDC this month, after Walmart-owned PhonePe went live on the open network in April. Noida-based Paytm was among the first few companies that went live on the ONDC.
The acquisition of PoshVine would enable Razorpay to encourage more interaction between merchants, banks, and consumers by driving additional channels for rewards and driving additional spending digitally.
Murali Brahmadesam has more than two decades of experience and has spent a major part of his career at Amazon and Microsoft, where he held several technology and leadership roles.
Harshil Mathur and Shashank Kumar – 2 widely respected founders of the startup world – met as students in IIT Roorkee. After graduating, Kumar, who was Mathur’s senior, floated the idea of the two starting something of their own at some point. A year and several rejections later, Razorpay kickstarted its journey with a seed funding of $9 million, led by leading investment firm Tiger Global. Today, the company enables payments and banking solutions for over 8 million businesses and has added a host of marquee investors to its captable. Razorpay’s valuation jumped from $1 billion to $7.5 billion in just 14 months and it is now the most valued among unlisted fintechs.
Here’s how Harshil Mathur and Shashank Kumar ditched lucrative jobs overseas to blaze a trail in India’s fintech ecosystem, giving small businesses the digital edge through Razorpay
Payments made to contractors and gig workers more than doubled, mirroring an almost 88% increase in the number of contractors.
Razorpay co-founder Shashank Kumar discusses his love for books and books that helped him build Razorpay, among other things