Harshil Mathur along with his friend from IIT Roorkee, Sashank Kumar started Razorpay with a very simple idea - improve payment experience for small and medium businesses and startups. In less than six years, the company has joined the likes of Paytm and Zerodha to become the fifth fintech unicorn—startup with over USD 1 bn valuation—in India. Has the journey been smooth? Of course not, as co-founder and CEO Mathur would say. “It took us about a year and rejection from some 100 bankers to get the first approval from a bank on our first prototype,” Mathur said in an interaction with Entrepreneur India. “There were times when we mulled over switching to e-commerce or similar sector where we just build an app and launch instead of waiting for somebody to give an approval.” So, what made the 20-something duo keep going? “The problem of a fragmented payments system for small firms and startups was too big to be left unsolved,” recalled Mathur. It is perhaps the r...
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