Razorpayrevenue, valuation & funding
Financial Services SoftwareBengaluru, Karnataka, IndiaFounded 2014CEO Harshil Mathur
Razorpay is a leading Indian fintech company, founded in 2014 by Harshil Mathur and Shashank Kumar, offering a full-stack payments and business banking platform.
Razorpay revenue
Razorpay's annual revenue was $450M in March 2025 (plindia.com), the most recent figure on record.
All 8 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Jun 2018 | $12M | – |
| May 2019 | $26.3M | – |
| Apr 2021 | $124.3M | – |
| Dec 2022 | $192.5M | Inc42 |
| Dec 2023 | $226.6MEST. | GetLatka estimate |
| Oct 2024 | $371.5MEST. | GetLatka estimate |
| Nov 2024 | $483.1M | business-standard.com |
| Mar 2025 | $450M | plindia.comFY25, ~$450M |
– source not recorded
Razorpay valuation
Razorpay is privately held, so there is no Razorpay stock to buy. Investors valued it at $7.5B in its May 2022 Seed.
Valuation history$7.5B Seed 2022$7.5B Series F 2021$1B Series D 2020
Razorpay funding rounds & investors
Razorpay has raised $829.2M across nine rounds since 2014. The latest was a $69.6M Seed in May 2022.
| Date | Round | Raised | Valuation | Led by | Source |
|---|---|---|---|---|---|
| May 2022 | Seed | $69.6M | $7.5B | – | |
| Dec 2021 | Series F | $375M | $7.5B | Lone Pine Capital | TechCrunch |
| Apr 2021 | Series E | $160M | – | – | |
| Oct 2020 | Series D | $100M | $1B | – | |
| Oct 2019 | Series C | $18M | – | – | |
| May 2019 | Series B | $75M | – | – | |
| Jun 2018 | Corporate | $20M | – | – | |
| Jun 2015 | Series A | $9M | – | – | |
| Dec 2014 | Seed | $2.6M | – | – | |
| Total raised | $829.2M |
Razorpay competitors
Razorpay competes most directly with Payoneer.
| Company | Revenue | Funding | Employees | Customers | Founded |
|---|---|---|---|---|---|
 Payoneer | $1.1B | $270M | 2,240 | 14M | 2005 |
| Razorpay | $450M | $829.2M | 4,975 | 450K | 2014 |
#8 of 684 Financial Services Software companies by revenue · category median $4M · See the ranking
Razorpay CEO, founders & employees
Harshil Mathur founded Razorpay in 2014 with Shashank Kumar and runs it as CEO. Razorpay has 4,975 employees (December 2025, reveliolabs.com estimate), up from 3,506 a year earlier.
- Harshil MathurCEO & Co-Founder
Also at RazorpayRahul Agarwalla
All 9 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2025 | 4,975EST. | reveliolabs.com estimate |
| Sep 2024 | 3,506 | Forbes |
| Dec 2023 | 2,934 | |
| Dec 2022 | 2,742 | |
| Dec 2021 | 2,157 | |
| Oct 2020 | 700 | – |
| Oct 2019 | 350 | – |
| Jun 2015 | 15 | – |
| Dec 2014 | 11 | – |
Razorpay FAQ
How much money does Razorpay make?
The most recent figure is $450M in annual revenue, from March 2025.
How much is Razorpay worth?
Companies don't publish a net worth. The closest figure is Razorpay's valuation: $7.5B, set in May 2022.
Who owns Razorpay?
Razorpay is privately held by its founders, employees and investors, including Lone Pine Capital.
Is Razorpay publicly traded?
No. Razorpay is a private company, so its shares are not listed on a stock exchange.
How much funding has Razorpay raised?
$829.2M across 9 rounds; the latest was a $69.6M Seed in May 2022.
Who is the CEO of Razorpay?
Harshil Mathur, a co-founder.
Who founded Razorpay?
Harshil Mathur and Shashank Kumar, in 2014.
How many employees does Razorpay have?
About 4,975 as of December 2025 (reveliolabs.com estimate).
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How this page is sourced
8 from public sources · 3 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Jul 3, 2026Data disclaimerReport a correctionClaim this profileRun Razorpay? Join the podcast