Razorpay launches Venture Program to fund upto 15 startups every year

Razorpay, an omnichannel payments and banking platform for businesses, announced the launch of the Razorpay Venture Investment Program on Tuesday. The Bengaluru-based FinTech company has rolled out this initiative in collaboration with Peak XV Partners and Lightspeed, with the goal of supporting over 50 early-stage, visionary founders by targeting 10-15 startups each year.

Through this program, Razorpay will provide essential funding, technology, and leadership support to B2B startups at various stages of development. The initiative specifically targets early-stage ventures and is prepared to invest up to $1 million per startup. With a growing emphasis on fostering innovation, India could see the emergence of 10-15 unicorns in the B2B space over the next five years.

The Razorpay Venture Investment Program is designed to support startups from pre-seed to Series A, covering industries such as FinTech, e-commerce, retail, travel, education, healthcare, logistics, hospitality, mobility, and exports. Applications are open directly on Razorpay's website.

Harshil Mathur, Co-founder and CEO of Razorpay commented on the launch, stating, "With the Razorpay Venture Investment Program, we aim to simplify the journey for founders by providing access to the right technology, mentorship, and partnerships to help them innovate and scale faster. We're excited to support the next wave of B2B pioneers and fuel the growth of B2B startups in India."