Razorpay buys PoshVine in 4th acquisition this year
Summary
It was founded in 2011 by Richik Nandi and Garima Satija as a restaurant booking platform, raising a seed investment from MyFirstCheque. Razorpay was valued at more than $7.5 billion in its last funding round in December 2021, making it the most-valued private fintech company in India. In an exclusive interaction with VCCircle, the companys chief executive Harshil Mathur said they will continue to make small acquisitions but large deals will be minimal at least for this financial year, as it stabilizes its purchase of Ezetap. Also, in March, the company acquired Pune-based IZealiant Technologies, which provides software products and services to banks and financial institutions to enable electronic payments. In February, Razorpay acquired a majority stake in Malaysia-based fintech company Curlec to mark a foray into international operations.
