Razorpayrevenue, valuation & funding
Payment GatewaysBengaluru, 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 round.
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 round 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 |
#1 of 7 Payment Gateways companies by revenue · category median $95.3M · 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
What is Razorpay's revenue?
Razorpay's annual revenue was $450M in March 2025, according to plindia.com. No later figure is on record.
What is Razorpay's valuation?
Investors valued Razorpay at $7.5B in its May 2022 Seed round.
How much funding has Razorpay raised?
Razorpay has raised $829.2M across nine funding rounds. The latest was a $69.6M Seed round in May 2022.
Who owns Razorpay?
Razorpay is privately held. Its lead investors include Lone Pine Capital.
How many employees does Razorpay have?
Reveliolabs.com estimates Razorpay's headcount at about 4,975 (December 2025).
Who is the CEO of Razorpay?
Harshil Mathur is the CEO of Razorpay and co-founded the company in 2014.
Who founded Razorpay?
Harshil Mathur and Shashank Kumar founded Razorpay in 2014.
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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 Nov 6, 2026Data disclaimerReport a correctionClaim this profileRun Razorpay? Join the podcast