Home » Razorpay Wiki | Success Story | Everything You Need To Know About It

Razorpay Wiki | Success Story | Everything You Need To Know About It

Razorpay is a leading payment gateway and fintech company based in India. Founded in 2014, the company has rapidly grown to become one of the most prominent players in the Indian payment gateway market.

In this blog, we will explore the success story of Razorpay and everything you need to know about it.

Early Days:

Razorpay was founded in 2014 by Shashank Kumar and Harshil Mathur, with the aim of making online payments simpler and more accessible for businesses in India.

The company began by providing payment gateway services for small and medium-sized businesses, and quickly gained popularity for its ease of use and affordable pricing.

Key Milestones:

Since its inception, Razorpay has achieved several key milestones that have helped it establish itself as a leader in the payment gateway industry. Some of these milestones include:

1. Funding:

Razorpay has received significant funding from several prominent investors, including Sequoia Capital, Tiger Global, and Y Combinator. The company has raised over $200 million in funding to date and is currently valued at over $3 billion.

2. Customer Base:

Razorpay has built a large and loyal customer base in India, serving over 5 million businesses across the country. The company’s payment gateway services have been widely adopted by businesses of all sizes, from startups to large enterprises.

3. Product Offerings:

Razorpay has expanded its product offerings beyond payment gateway services, to include a range of fintech solutions such as payment links, recurring payments, and business loans. This has helped the company diversify its revenue streams and cater to the evolving needs of its customers.

4. Strategic Partnerships:

Razorpay has formed strategic partnerships with several prominent companies, including Mastercard, PayPal, and Visa, to expand its reach and offer more value to its customers.

These partnerships have enabled Razorpay to offer new services and features, such as international payments and cardless EMI options.

5. International Expansion:

Razorpay has expanded its operations beyond India and now serves customers in several other countries, including Nepal, Bhutan, and Sri Lanka. The company plans to continue its international expansion and explore new markets in the future.

6. Awards and Recognition:

Razorpay has received several awards and recognition for its innovative solutions and contribution to the fintech industry. In 2020, the company was named the Best Payment Gateway Provider at the Indian eRetail Awards and was also recognized as one of the Top 50 Fintech Companies in India by the Economic Times.

7. IPO Plans:

In 2021, Razorpay announced its plans to go public through an initial public offering (IPO) in the next 18 to 24 months. The IPO is expected to provide the company with additional funding and help it accelerate its growth and expansion plans.


Razorpay offers a range of features that make it a popular choice among businesses in India. Some of these features include:

1. Easy Integration:

Razorpay’s payment gateway can be easily integrated with a range of e-commerce platforms, making it easy for businesses to start accepting online payments.

2. Robust Security:

Razorpay uses advanced security measures to ensure that all transactions processed through its platform are secure and protected against fraud.

3. Customizable Payment Pages:

Businesses can customize their payment pages to match their branding and provide a seamless user experience for their customers.

4. Mobile Payments:

Razorpay offers a mobile SDK that allows businesses to accept payments through their mobile apps, making it easy for customers to make payments on the go.

5. Multiple Payment Modes:

Razorpay offers a range of payment modes to customers, including credit/debit cards, net banking, UPI, wallets, and more. This helps businesses cater to the diverse payment preferences of their customers and improve their checkout experience.

6. Smart Collect:

Razorpay’s Smart Collect feature allows businesses to create virtual accounts and receive payments from their customers through NEFT, RTGS, and IMPS transfers. This helps businesses streamline their payment collection process and reduce manual reconciliation efforts.

7. Subscription Management:

Razorpay offers a comprehensive subscription management system that allows businesses to set up and manage recurring payments from their customers. This helps businesses automate their billing process and improve cash flow management.

8. Analytics and Insights:

Razorpay’s analytics and insights dashboard provides businesses with real-time data on their payment transactions, customer behavior, and revenue trends. This helps businesses make data-driven decisions and optimize their payment operations for better results.

9. Developer-friendly APIs:

Razorpay’s developer-friendly APIs make it easy for businesses to integrate their payment gateway with their websites and mobile apps. This enables businesses to create custom payment experiences for their customers and enhance their brand value.

Market Share:

Razorpay has emerged as one of the leading payment gateway providers in India, with a strong market share and a growing customer base. According to a report by RedSeer Consulting, Razorpay had a market share of 24% in the Indian payment gateway industry in 2020, second only to market leader Paytm.

Razorpay’s market share has been steadily increasing over the years, thanks to its innovative solutions, customer-centric approach, and focus on technology and automation. The company has also benefited from the growing adoption of digital payments in India, which has been accelerated by factors such as demonetization, government initiatives, and the COVID-19 pandemic.

Razorpay’s market share is particularly strong in the small and medium-sized business (SMB) segment, where the company has established itself as a preferred payment gateway provider.

Its easy-to-use platform, affordable pricing, and range of features make it an attractive option for SMBs looking to streamline their payment operations and improve their customer experience.

Looking ahead, Razorpay is well-positioned to further increase its market share in India’s payment gateway industry, which is expected to grow rapidly in the coming years.

The company’s focus on innovation, customer service, and value delivery, combined with its strong brand reputation and growing network of partners, bode well for its future growth prospects.


Razorpay’s success story is a testament to the growing demand for digital payment solutions in India, and the company’s ability to innovate and cater to the evolving needs of its customers. With a loyal customer base, a range of fintech solutions, and a significant market share, Razorpay is well-positioned to continue its growth and expansion in the years to come.

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Richard Smith

I am Richard Smith from the USA. I’m an Email Marketing Specialist. I have my own blogging site blogest.org. where people will get all Paid Campaigns and Email Marketing and blogging information. I like to encourage and motivate the new youth generation who want to learn Digital Marketing.

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