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B2B fintech startup Easebuzz is in advanced talks to raise ₹200 Cr (around $23.5 million) in a new funding round, with Bessemer Venture Partners as a key investor, along with several others, according to a report by Moneycontrol.
The deal, which is still in progress, may include an ESOP buyback to provide liquidity to employees and early investors. It’s unclear if Bessemer will lead the funding round, as discussions involve other investors too.
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The potential funding follows a strong performance by Easebuzz in FY24. The SaaS payments platform processed a Gross Transaction Value (GTV) of over ₹1 lakh crore, a 48% increase from the previous year. Its revenue grew by 23% to ₹290 crore, and its merchant base expanded to 1.5 lakh businesses, including startups, SMEs, and large enterprises across various sectors.
About Easebuzz
Founded in 2014 by Rohit Prasad and incubated at the Symbiosis Center for Entrepreneurship and Innovation, Gurugram-based Easebuzz has expanded its services to strengthen its position as a complete financial operating system.
It recently entered the B2B payments space by launching an invoice management and payments platform in partnership with NPCI Bharat BillPay Ltd (NBBL). This platform helps merchants, including manufacturers and distributors, simplify payment collections by offering buyers, like retailers and shopkeepers, multiple payment options.
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