Razorpay, an omnichannel payments and banking platform for businesses has launched the Razorpay Venture Investment Program, instituted in collaboration with Peak XV Partners and Lightspeed to support early-stage B2B startups.
The company will provide crucial funding, technology support, and leadership support to B2B startups across various stages of development.
The program aims to identify and invest in over 50 visionary early-stage founders. The program will invest up to $1 million per startup in 10-15 early-stage startups annually.
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 aims to empower founders with the tools and resources needed to scale their ventures.
The Razorpay Venture Investment Program will be spearheaded by Vishnu Acharya, the company’s Head of Strategy and Corporate Development. Acharya brings deep expertise in working closely with founders to help them scale. Under his leadership, the program aims to significantly impact India’s B2B ecosystem.
Razorpay Venture Investment Program has already made investments in eight startups namely Shiprockets, HostBooks, BharatX, MSMEx, inai, NextPay, GetVantage, and Troopod.
Commenting on the launch of the Razorpay Venture Investment Program, Harshil Mathur, Co-founder and 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. We’re excited to back the next wave of B2B pioneers and fuel the expansion of B2B startups in India.”
Ishaan Mittal, Managing Director at Peak XV Partners said, “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 said, “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.”
