Fund News
Payment aggregator Razorpay launches programme to fund 50 early-stage B2B cos
Bengaluru-based payment aggregator Razorpay has launched an investment programme to fund early-stage startups that are building services and solutions for other business entities.The fintech unicorn wants to back 10-15 companies every year and could invest up to a million dollars in each. It has a target of investing in at least 50 startups through this programme. Razorpay Venture Investment Programme will scout for business-to-business (B2B) opportunities in fintech, travel, healthcare, hospitality, retail and e-commerce.Peak XV Partners and Lightspeed have partnered Razorpay for this programme and will co-invest in funding rounds. Razorpay has set up a three-member team for scouting and evaluating startups under Vishnu Acharya, head of corporate development and strategy at the company.
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