Enterprise
40 Under 40: Razorpay’s phenomenal growth
To see the full list, click here.
Indian Institute of Technology, Roorkee alumni Mathur and Kumar have had their hands full keeping up with demand. Their troika of offerings—payments, neo-banking, and lending—have enjoyed rapid growth during the pandemic. The six-year-old startup raised $100 million in October at a $1-billion valuation. Payments volumes had tripled, the newly minted unicorn said in February, as did its valuation in April when it raised another $160 million. Funds that Mathur and Kumar, ex-engineers at Schlumberger and Microsoft, respectively, will use to add new products to their lending and neo-banking platforms.
Also Read
-
Was hardest to figure out business model: 40u40 2024 Sanjeev Barnwal of Meesho
-
Demand for e-2-wheelers up, tractors, earth moving equipment to pick up: TCI
-
25% IAS officers corrupt, incompetent, or inefficient; middle 50% complacent: D Subbarao
-
Zee posts ₹13 cr profit in Q4; board approves organisation restructuring
-
Twitter officially transitions to X.com : Elon Musk