GST invoices with Razorpay payment links and automatic reminders.
Made in IndiaFreeGST ready
Starts at
Free
- Products
- 9
- Categories
- 12
- Free plans
- 3
- Guides
- 6
About Razorpay
Razorpay is a Bengaluru-based payments and banking technology company. IIT Roorkee alumni Harshil Mathur and Shashank Kumar founded it in 2014. Its registered address is SJR Cyber, Laskar Hosur Road, Adugodi, Bengaluru. Harshil Mathur is CEO and Shashank Kumar is Managing Director.
Razorpay's payment gateway lets online businesses accept UPI, cards, net banking and wallets. Its other products include Payment Links and Payment Pages, Razorpay Invoices, Razorpay Subscriptions for recurring billing, and Magic Checkout. Through RazorpayX it offers business banking, payouts and corporate cards, and its payroll product came from the 2019 acquisition of Opfin. It entered in-person payments by acquiring an 80% stake in POS maker Ezetap in 2022. Razorpay announced the Ezetap deal on 18 August 2022 and described it as its sixth and largest acquisition. At the time it said about 8 million businesses used Razorpay, and that its total payment volume had been US$80 billion as of April 2022.
Razorpay sells online with self-serve onboarding, and larger merchants get negotiated pricing. The gateway charges a fee per successful transaction, which varies by payment method, and invoices carry GST. The company says more than 50 lakh businesses use Razorpay. Its investors include GIC, Sequoia, Ribbit Capital, Tiger Global, Matrix Partners India, Y Combinator and Lightspeed.
Razorpay was originally held by a US parent. In May 2025 it completed a 'reverse flip' that moved its domicile back to India, with Ministry of Corporate Affairs approval. Its first overseas acquisition was Malaysian fintech Curlec in February 2022. Razorpay also bought Pune-based IZealiant Technologies, a payments technology provider for banks, in March 2022, and AI risk platform TERA Finlabs in 2021.
Razorpay in India
- Headquartered in Bengaluru
- Indian-domiciled since May 2025
Customers (as stated by Razorpay)
- Razorpay says more than 50 lakh businesses use it for payments
Key facts
- Legal name
- Razorpay Software Private Limited
- Headquarters
- Bengaluru, Karnataka, India
- Founded
- 2014
- Founders
- Harshil Mathur and Shashank Kumar
- Ownership
- Private, venture-funded
- Made in India
- Yes
- Products listed
- 9
- Platforms
- Web, Android, iOS
- Deployment
- Cloud
- Reverse flip
- Domicile moved from the US to India, May 2025
- Ezetap acquisition
- 80% stake acquired in 2022 (offline POS)
- Curlec acquisition
- Malaysian fintech, February 2022
- Businesses served
- 50 lakh+ (company figure)
- Official website
- razorpay.com
Razorpay products compared
| Product | Category | Starting price | Free plan | Platforms | Rating |
|---|---|---|---|---|---|
| Razorpay Invoices | Invoicing software | Free | Yes | Web | 4.8 |
 Razorpay | Payment gateways & UPI | Pay as you go | No | Web | 4.7 |
 Razorpay Subscriptions | Subscription billing software | Pay as you go | No | Web | 4.7 |
 RazorpayX Payroll | HRMS software | From ₹3,499/mo + GST (up to 20 employees) | No | Web | 4.7 |
 RazorpayX | Banking, lending & fintech | Free | Yes | Web, Android, iOS | 4.6 |
 RazorpayX Corporate Cards | Expense management software | Free | Yes | Web | 4.5 |
 Razorpay Rize | Legal practice & compliance management | Pay as you go | No | Web | 4.4 |
 Magic Checkout by Razorpay | E-commerce platforms & website builders | Pay as you go | No | Web | 4.3 |
 Razorpay POS | POS & retail billing | On request | No | Web | 4.3 |
View
Payment gateway, payment links, payouts and business banking for Indian businesses.
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Business banking with payouts, vendor payments and payroll.
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Company incorporation and compliance from Razorpay.
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POS devices from Razorpay (Ezetap).
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Razorpay pricing at a glance
Categories Razorpay competes in
Invoicing software64 products comparedWorkflow automation & integration553 products comparedGST software133 products comparedPayment gateways & UPI103 products comparedSubscription billing software52 products comparedHRMS software240 products comparedPayroll software188 products comparedBanking, lending & fintech59 products comparedExpense management software106 products comparedLegal practice & compliance management52 products comparedE-commerce platforms & website builders176 products comparedPOS & retail billing203 products compared
Leadership & history
Leadership
- Harshil MathurCo-founder and CEO
- Shashank KumarCo-founder and Managing Director
Timeline
- 2014 Founded by Harshil Mathur and Shashank Kumar
- 2018 Acquired Thirdwatch (fraud analytics)
- 2019 Acquired Opfin (payroll)
- 2022 Acquired Curlec (Malaysia) and a majority stake in Ezetap
- 2022 Announced Ezetap acquisition on 18 August, its sixth and largest
- 2025 Completed reverse flip of domicile to India
Alternatives to Razorpay
Top-ranked products from other companies in the same categories.
Blogs that cover Razorpay
Collect Payments Faster: Billing Reminders & UPI LinksCollect payments faster in India: set up invoice reminders and UPI payment links with Vyapar, Zoho Books and Razorpay Invoices, with a simple schedule.Recurring Billing for Service Businesses in IndiaRecurring billing for Indian service businesses: how to automate retainer and AMC invoices with Zoho Books or Zoho Invoice, plus a setup plan.Zoho Invoice & Free Invoice Generators in IndiaZoho Invoice is free — what that includes and where the limits are, how the free online invoice generator differs from the app, GST invoice requirements in India, and when you should move to full accounting software instead.Easebuzz Payment Gateway Charges in India (2026)What Easebuzz offers Indian businesses — payment gateway, payment links, subscriptions and payouts, how charges are structured by payment method, settlement cycles, onboarding requirements, and how it compares with Razorpay, Cashfree, PayU and Instamojo.Razorpay Pricing, Invoices & Subscriptions (2026)A guide to the Razorpay ecosystem for Indian businesses — gateway pricing by payment method, payment links and invoices, subscriptions and e-mandate, RazorpayX banking and payroll, POS, and how it compares with Cashfree, PayU and Easebuzz.GST Invoicing Software in India Compared (2026)Compare GST invoicing software in India: Zoho Invoice, Zoho Books, Refrens, Razorpay Invoices, TallyPrime and more. E-invoicing, prices and limits explained.
Razorpay FAQs
Is Razorpay an Indian company?
Yes. Razorpay is headquartered in Bengaluru, and in May 2025 it moved its holding company's domicile from the US to India.
Who founded Razorpay?
Harshil Mathur and Shashank Kumar, IIT Roorkee alumni, in 2014.
Who is the CEO of Razorpay?
Co-founder Harshil Mathur. Shashank Kumar is Managing Director.
Who owns Razorpay?
Razorpay is privately held by its founders and investors including GIC, Sequoia, Ribbit Capital, Tiger Global and Y Combinator.
What does Razorpay sell?
An online payment gateway, payment links, invoices, subscriptions, POS devices through Ezetap, and RazorpayX business banking, payouts, cards and payroll.
What does Razorpay do?
Razorpay makes invoicing software, workflow automation & integration, gst software and payment gateways & upi. Its products listed on App Advisor are Razorpay Invoices (GST invoices with Razorpay payment links and automatic reminders), Razorpay (Payment gateway, payment links, payouts and business banking for Indian businesses), Razorpay Subscriptions (Recurring payments with UPI AutoPay, cards and e-mandates), RazorpayX Payroll (Automated payroll with PF, ESI and TDS filing from Razorpay), RazorpayX (Business banking with payouts, vendor payments and payroll) and RazorpayX Corporate Cards (Corporate cards and expense controls from RazorpayX).
Where is Razorpay headquartered?
Razorpay is headquartered in Bengaluru, Karnataka, India and was founded in 2014.
How much does Razorpay cost?
Razorpay Invoices: Free; Razorpay: Pay as you go; Razorpay Subscriptions: Pay as you go; RazorpayX Payroll: From ₹3,499/mo + GST (up to 20 employees); RazorpayX: Free; RazorpayX Corporate Cards: Free; Razorpay Rize: Pay as you go; Magic Checkout by Razorpay: Pay as you go. These are the starting prices on App Advisor's listings — confirm on Razorpay's official pricing page before you buy.
Does Razorpay have a free plan?
Yes. Razorpay Invoices, RazorpayX and RazorpayX Corporate Cards offer a free plan or free tier.
What are the best alternatives to Razorpay?
Popular alternatives in the same categories include Zoho Invoice Generator by Zoho Corporation, Instamojo by Instamojo, PayPal Invoicing by PayPal, Paytm Payment Links by Paytm and Crater Invoice by Crater.
Company details researched from official sources, last updated 2026-09-14: [1], [2], [3], [4], [5], [6].
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