3 Min Read
Fintech major Razorpay today announced the launch of the Razorpay Venture Investment Program to invest in early-stage B2B (business to business) startups in India over the next five years. The Razorpay Venture Investment Program will be instituted in collaboration with Peak XV Partners and Lightspeed, and aims to identify and invest in over 50 early-stage founders, Razorpay said in a statement.
Through this program, Razorpay will provide crucial funding, technology support, and leadership support to B2B startups across various stages of development. The program will invest up to $1Mn per startup, targeting early-stage ventures. “With growing interest in supporting startups within this space, India is projected to welcome an additional 10-15 unicorns in the B2B sector over the next five years,” the fintech said in its statement.
Commenting on the launch of the Razorpay Venture Investment Program, Harshil Mathur, Co-founder & CEO, Razorpay said, “Building a startup, particularly in the B2B space, is a daunting challenge. Having experienced it firsthand and witnessing founders across industries face this daily, we believe the support system must go beyond just capital. However, I believe the B2B space remains one of the leading areas with strong potential for growth. With the Razorpay Venture Investment Program, we aim to ease this journey by providing access to the right technology, mentorship, and partnerships to help founders innovate and scale faster.”
The Razorpay Venture Investment Program will support companies from pre-seed and Series A stages, across industries such as Fintech, E-commerce, Retail, Travel, Education, Healthcare, Logistics, Hospitality, Mobility, and Export. Razorpay said startups can apply directly through its website for the program. The Razorpay Venture Investment Program will be led by Vishnu Acharya, the company's Head of Strategy and Corporate Development.
The Razorpay Venture Investment Program offers the following support for early-stage B2B startups:
Ishaan Mittal, Managing Director at Peak XV Partners said in a statement, “Razorpay’s journey has been inspirational for fintech startups in India. The decade-long journey has involved navigating complex challenges across tech, regulations, growth, and product, etc. Great to see them launch this program to support founders who will build the next generation of fintech startups. Peak XV Partners is excited to be a part of this.”
Dev Khare, Partner at Lightspeed added, "We are excited to continue our partnership with Razorpay through this new initiative to back technology companies serving SMEs across India. Partnering with Razorpay helps technology vendors get distribution into the largest collection of SMEs in India, as well as take advantage of Razorpay's market-leading payments infrastructure."
Through this program, Razorpay will provide crucial funding, technology support, and leadership support to B2B startups across various stages of development. The program will invest up to $1Mn per startup, targeting early-stage ventures. “With growing interest in supporting startups within this space, India is projected to welcome an additional 10-15 unicorns in the B2B sector over the next five years,” the fintech said in its statement.
Commenting on the launch of the Razorpay Venture Investment Program, Harshil Mathur, Co-founder & CEO, Razorpay said, “Building a startup, particularly in the B2B space, is a daunting challenge. Having experienced it firsthand and witnessing founders across industries face this daily, we believe the support system must go beyond just capital. However, I believe the B2B space remains one of the leading areas with strong potential for growth. With the Razorpay Venture Investment Program, we aim to ease this journey by providing access to the right technology, mentorship, and partnerships to help founders innovate and scale faster.”
The Razorpay Venture Investment Program will support companies from pre-seed and Series A stages, across industries such as Fintech, E-commerce, Retail, Travel, Education, Healthcare, Logistics, Hospitality, Mobility, and Export. Razorpay said startups can apply directly through its website for the program. The Razorpay Venture Investment Program will be led by Vishnu Acharya, the company's Head of Strategy and Corporate Development.
The Razorpay Venture Investment Program offers the following support for early-stage B2B startups:
- Access to Razorpay's API stack and sandbox environments to help startups embed financial services within their products while remaining compliant with regulations.
- Funding up to $1Mn per startup.
- Introduction to Razorpay’s distribution network, product partnerships, and customer connections, helping startups scale and reach more customers.
- One-on-one guidance from Razorpay’s leadership team including Founders, tailored to each startup’s needs across product development, marketing, sales, and more.
- Auto-enrollment into Razorpay Rize Community, network of 3,000+ founders, providing peer support, networking, and curated perks, including Razorpay credits.
Ishaan Mittal, Managing Director at Peak XV Partners said in a statement, “Razorpay’s journey has been inspirational for fintech startups in India. The decade-long journey has involved navigating complex challenges across tech, regulations, growth, and product, etc. Great to see them launch this program to support founders who will build the next generation of fintech startups. Peak XV Partners is excited to be a part of this.”
Dev Khare, Partner at Lightspeed added, "We are excited to continue our partnership with Razorpay through this new initiative to back technology companies serving SMEs across India. Partnering with Razorpay helps technology vendors get distribution into the largest collection of SMEs in India, as well as take advantage of Razorpay's market-leading payments infrastructure."
(Edited by : Anand Singha)
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Live TV
Loading...