Online payments startup Razorpay turns profitable as sales rise 10-fold

For-PayU-Story-TC_ThinkstockPhotos-512349742Jaipur-registered online payment gateway startup Razorpay Software Pvt. Ltd has turned a profit in financial year ending March 2016, filings with the Registrar of Companies (RoC) show. The company posted a profit after tax of Rs 28.7 lakh for the year, compared with a loss of Rs 4.1 lakh in FY15. Net sales stood at […]

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Razorpay raises $9M from Tiger Global and Matrix

Jaipur-based Razorpay Software Pvt Ltd, an online payment startup, has raised $9 million (Rs 59 crore) in Series A funding led by Tiger Global with participation from Matrix Partners. The company plans to use the funds to scale up its product, build a strong team and to further power its strategic forays into the online […]

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Flipkart’s Soni invests in online payment startup Razorpay

Punit Soni, Flipkart’s chief product officer, has made a personal investment in Jaipur-based online payment company Razorpay Software Pvt Ltd. Financial details of the transaction were not disclosed. Razorpay is an online payment gateway firm for small businesses, startups and institutions such as schools, colleges and training centres. According to a report by The Economic […]

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Online payment startup RazorPay raises $120K from Y Combinator

Jaipur-based Razorpay Software Pvt Ltd, an online payment startup, has raised $120,000 (about Rs 74.7 lakh) in funding from US-based startup accelerator Y Combinator, according to a company statement. As a part of the deal, Y Combinator will also provide the startup with three-month acceleration. The funds will be used for covering compliance expenses for […]

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