Bangalore, Karnataka, India, 3rd October, 2019: For the second year running, Razorpay, India’s First Converged Payments Solution company, gets recognised by the renowned American startup accelerator, Y Combinator, in its mega list of top 100 companies for 2019, as sorted by each company’s valuation.
The top 100 companies have a combined valuation of over $155 billion with most of the companies valued at $150 Mn and above. Razorpay was part of Y Combinator’s winter 2015 batch and is among the three Indian startups to be featured in this year’s list, along with Meesho and Cleartax.
In a short span of four and a half years, the company has witnessed massive growth in terms of market share and mindspace with their partner businesses and industry peers. This ranking in the top 100 companies is a testimony to the company’s culture, and its zeal to make a positive difference in the ecosystem.
Harshil Mathur, CEO and Co-founder, Razorpay, said, “Y Combinator is the accelerator behind groundbreaking and innovative startups. We were the second Indian company to be a part of YC, Silicon Valley’s largest tech accelerator and that’s how our journey began since 2015. To be ranked in this prestigious list for the second time in a row is a reassurance that we are headed in the right direction, doing the right thing in the right way. We started off with a hope to make some difference in India’s financial ecosystem, but today, the dent we’ve created by powering disruptive businesses with intelligent technology only excites us to reach newer heights.”
Well-known for its transparent work culture and enthusiastic team members, Razorpay has been charting an exponential growth since its inception. Having evolved from being a single product company to a multi-product company, Razorpay has achieved 500% growth in the last one year and currently powers digital payments for 3,50,000 businesses. The company aims to double headcount by next year and expects a 5x growth in its revenue by the end of the next fiscal year. Razorpay raised $75 million in Series-C, co-led by Sequoia India and Ribbit Capital; the company has raised over $105 million in total funding until now.
