Payments and business banking platform Razorpay has unveiled the Razorpay Venture Investment Program, a strategic initiative designed to support and empower early-stage B2B startups. Developed in partnership with venture capital giants Peak XV Partners and Lightspeed, this program targets promising new founders in India’s tech-driven business ecosystem, aiming to cultivate the next wave of B2B innovators.
Through the Venture Investment Program, Razorpay plans to invest up to $1 million per startup, with a vision to reach over 50 early-stage companies over time. The program is tailored to nurture businesses at critical stages from pre-seed to Series A, offering not only capital but also access to Razorpay’s technology resources, expertise, and strategic mentorship. The selection criteria focus on industries such as fintech, e-commerce, retail, travel, education, healthcare, logistics, hospitality, mobility, and exports. Startups interested in applying can directly submit their applications via Razorpay’s official website.
The program will be led by Vishnu Acharya, Razorpay’s Head of Strategy and Corporate Development, who has extensive experience in collaborating with startup founders to help them scale and succeed. Acharya emphasized that this initiative aligns with Razorpay’s commitment to strengthening India’s B2B ecosystem and creating a more robust support network for emerging businesses.
This announcement follows Razorpay’s continued success and growth within the financial sector. The company has raised over $800 million through various funding rounds, bringing its valuation to approximately $7.5 billion. Razorpay’s Payment Gateway business recently saw a 24% year-on-year revenue increase, reaching Rs 2,068 crore, despite regulatory challenges in the past year. The firm’s profit after tax also experienced a nearly 5X surge during this period, underscoring its strong financial foundation and operational resilience.
Through this venture investment program, Razorpay and its partners aim to contribute significantly to India’s burgeoning B2B landscape, setting the stage for the next generation of innovative business solutions.
