Razorpay, an omnichannel payments and banking platform for businesses, announced on Tuesday the launch of the Razorpay Venture Investment Program.
The Bengaluru-based FinTech has rolled out the initiative in collaboration with Peak XV Partners and Lightspeed, aiming to back over 50 early-stage, visionary founders with a target of 10-15 start-ups every year.
Through this program, Razorpay will offer vital funding, technology, and leadership support to B2B startups across various development stages. The initiative targets early-stage ventures and is prepared to invest up to $1 million per startup.
With an increasing focus on fostering innovation, India could see an addition of 10-15 unicorns in the B2B space over the next five years. The Razorpay Venture Investment Program is designed to support startups from pre-seed to Series A, spanning industries such as FinTech, e-commerce, retail, travel, education, healthcare, logistics, hospitality, mobility, and exports. Applications are open directly on Razorpay’s website.
Harshil Mathur, Co-founder & CEO of Razorpay, remarked on the launch, saying, “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. We’re excited to back the next wave of B2B pioneers and fuel the expansion of B2B startups in India.”
The programme will be led by Vishnu Acharya, Razorpay’s Head of Strategy and Corporate Development, and offers:
- Access to Razorpay’s API stack and sandbox environments
- Funding up to $1 million per startup
- Introduction to Razorpay’s distribution network, product partnerships, and customer connections
- Personalized mentorship
Ishaan Mittal, Managing Director at Peak XV Partners, shared, “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.”
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