Payments and Business Banking platform Razorpay launches Venture Investment Program

The Razorpay Venture Investment Program has been launched by payments and business banking platform Razorpay to support the upcoming generation of business-to-business (B2B) innovators.

Established in partnership with Lightspeed and Peak XV Partners, the initiative seeks to find and fund more than 50 innovative early-stage entrepreneurs. For B2B startups at different phases of development, the organization will offer capital, technological assistance, and leadership support. The program will focus on early-stage businesses and fund up to $1 million per firm.

The Razorpay Venture Investment Program was created specifically to assist businesses in pre-seed and Series A stages, spanning a variety of sectors, including fintech, e-commerce, retail, travel, education, healthcare, logistics, hospitality, mobility, and export. Startups can apply straight from Razorpay's website.

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Vishnu Acharya, the company's Head of Strategy and Corporate Development, will lead the program. Acharya has extensive experience working directly with founders to support their growth. Under his direction, the initiative seeks to make a major contribution to India's business-to-business (B2B) ecosystem.

Razorpay Fundraising and Valuation

Razorpay was recently valued at over $7.5 billion and has raised over $800 million via different fundraising rounds. Despite a brief halt to the onboarding of new merchants during the first nine months of the fiscal year, the company reported a 24% year-over-year (YoY) rise in revenue for its Payment Gateway (PG) division to Rs 2,068 crore. Notably, over the same time period, the company's earnings after taxes increased by about five times.

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