Payments major Razorpay announced the re-appointment of Arif Khan as its Chief Innovation Officer (CIO), according to ET report. Prior to joining Razorpay again, Khan served as Chief Digital Officer at NPCI. During his first stint at Razorpay from 2017 to 2019, Khan led several key initiatives and contributed to building a holistic business architecture…
GrowthX (GrowthX.club), a social learning community, announced that 212 angel investors contributed to its seed round. This historic community-led fundraising in the Indian startup ecosystem saw participation from 200+ founders, leaders and operators across companies like Razorpay, Airbnb, Mamaearth, Meesho, Myntra, and Freshworks. Out of the 1.5 Million USD raised, incredibly, 65% of the funds were…
Fintech startup Razorpay said it has acquired TERA Finlabs, a Bengaluru-based startup that provides technology, risk and capital solutions to enable embedded financing solutions for businesses, according to PTI report. TERA Finlabs is an Indian subsidiary of UK-based digital lender, GAIN Credit. Financial details of the transaction were not disclosed. “This acquisition of TERA Finlabs is aligned with…
Industry body IAMAI said Google India Vice President and Managing Director Sanjay Gupta has been elected as its chairman for the period 2021-23, according to PTI report. He succeeds Amazon Senior Vice President and India Country Manager Amit Agarwal. Internet and Mobile Association of India (IAMAI) has also named Facebook India Vice President and Managing Director Ajit Mohan as Vice Chairman of the association,…
Razorpay, a Bengaluru-based payment service provider that helps businesses automate collections through its gateway service, while helping small businesses manage money flow, said it has raised $160 million from Sequoia India and Singapore-based GIC in a funding round, according to ET report. Existing investors Ribbit Capital and Matrix Partners also participated in the funding round.…
Razorpay, a Bengaluru-based fintech startup has announced that it has raised $100 million in Series D funding led by GIC, Singapore’s sovereign wealth fund, and Sequoia Capital India. With this funding, the startup entered the unicorn club amidst the coronavirus pandemic. Existing investors Y Combinator, Matrix Partners India, Tiger Global, and Ribbit Capital also participated…
Razorpay, the leading full-stack financial solutions company, shared insights about the impact of the Coronavirus (Covid-19) outbreak on digital payments in India. The insights are based on transactions held on the company’s platform between February 2020 and now. Since December 2019 when Covid-19 originated in China’s Wuhan city and its severity started to spread across…
Razorpay is planning to hire 400 professionals for the year 2020. The company will also expand its workforce by more than 65 percent. Recently, Arpit Chug was appointed as the CFO to strengthen its leadership team. Moreover, it has acquired payroll management company Opfin. In a statement, Harshil Mathur, CEO, Razorpay shared, “As we are…
Payments provider Razorpay recently announced that it has appointed Arpit Chug as the CFO of the company. Chug an IIM Ahemdabad alumnus was earlier associated with American Express India as the CFO. Razorpay has also acquired payroll management company Opfin. In a media statement, Harshil Mathur, CEO and Co-founder of Razorpay, said, “Arpit brings tremendous depth…