This IIT Duo has Heralded a New Era in Digital Payments for Businesses

With Mastercard being their strategic partner and raising $20 million from Tiger Global and Y combinator, Razorpay aims to grow 4x by end of 2018

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Digital payment for businesses was not accessible unless the IIT duo Mathur and Kumar established Razorpay by end of 2014. Mathur shares that his initial journey was really tough “Being a technology person, we had no clue about the business side.” Initially, their target customers were the educational institutes, gradually they spread to the big retail business.

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Currently, growing up to 25-35 per cent monthly with a team of 150 employees; Razorpay eases online payments for companies like Videocon, Nykaa, Myntra and few government departments. In 2017 December, they have launched their new product- Razorpay 2.0 as an absolute platform for businesses. With Mastercard being their strategic partner and raising $20 million from Tiger Global and Y combinator, Razorpay aims to grow 4x by end of 2018.