India`s Payments Solution Company ‘Razorpay’ – From a Fintech Startup to a Unicorn
| Case Code: LDEN168 Case Length: 9 Pages Period: - Pub Date: 2021 Teaching Note: Available |
Price: Rs.300 Organization : Razorpay Software Private Limited Industry : Cards & Payments Countries : India Themes: FinTech, Banks and Banking, Technology in Banking, Entrepreneurship |
Abstract Case Intro 1 Case Intro 2 Excerpts
Background
Razorpay was founded in Bengaluru, capital of the southern Indian state of Karnataka, by Mathur and Shashank Kumar (Kumar) in 2014. Their explorations around a payments processing business began when they realized the difficulties faced by startups in accepting money online. In India at that time, there were only a few payment processing companies and the documentation process for startups was a long one with a long list of documents required. Kumar said, “Five years ago, when Harshil and I moved to Bangalore to start Razorpay, the startup ecosystem was still nascent and less than a decade old. For most businesses, accepting online payments was a major struggle and it was a stumbling block in India’s digitization drive.” ..
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