Razorpay, Peak XV, and Lightspeed Join Hands to Back B2B Startups

Razorpay, a fintech company, has introduced the Razorpay Venture Investment Program to empower early-stage B2B startups in India. Launched in partnership with venture capital firms Peak XV Partners and Lightspeed, the initiative plans to back over 50 innovative B2B ventures within the next five years. The program is designed to offer essential funding, technology integration, and mentorship from industry leaders to help startups grow and succeed at various stages of their journey.

Each selected startup will receive up to $1 million in investment, with the program targeting 10-15 early-stage ventures annually. Razorpay’s initiative comes at a time when the B2B sector in India is overgrowing, with the country expected to welcome 10-15 new unicorns in this space over the next five years. The program will also offer mentorship and market access to help startups scale their businesses effectively.

Through the program, early-stage fintech companies will benefit from tailored mentorship and strategic support from Razorpay’s leadership team, including the company’s founders. 

Vishnu Acharya, Head of Strategy and Corporate Development at Razorpay, will lead the initiative, offering one-on-one guidance to the participating startups. This support extends beyond just funding, with access to Razorpay’s distribution network, product partnerships, and customer connections, helping startups expand their reach.

The partnership with Peak XV Partners and Lightspeed will further enhance the program’s impact, allowing for a comprehensive support structure for these early-stage ventures. 

As part of the program, the selected startups will also gain valuable exposure to new markets and business opportunities for scalable growth. With a clear focus on innovation in the B2B fintech space, Razorpay’s new initiative plans to impact India’s startup ecosystem, helping entrepreneurs navigate the challenges of scaling their businesses while providing the necessary resources for success.

The Razorpay Venture Investment Program is designed to support early-stage B2B startups across various sectors, including fintech, e-commerce, healthcare, education, and logistics. 

The program will target companies from pre-seed to Series A stages and offer vital resources such as tech integration, market access, and personalized mentorship. By providing up to $1 million in funding, startups can tap into Razorpay’s comprehensive tech suite, including its API stack and sandbox environments, allowing them to embed financial services while ensuring regulatory compliance.

In addition to funding and technology support, participating startups will gain entry to the Razorpay Rize community, a network of over 3,000 founders and businesses that offers valuable opportunities for collaboration and growth. The Razorpay leadership team, including its founders, will also offer one-on-one mentorship, helping startups navigate challenges and scale efficiently. 

“Building a startup, particularly in the B2B space, is a daunting challenge. We believe the support system must go beyond just capital,” said Harshil Mathur, co-founder and CEO of Razorpay.

Industry leaders like Ishaan Mittal, Managing Director at Peak XV Partners, and Dev Khare, Partner at Lightspeed, have expressed strong support for the program. Mittal highlighted Razorpay’s journey as an inspiration for fintech startups, while Khare emphasized the value of Razorpay’s market-leading payments infrastructure and SME distribution network. The program aims to accelerate innovation in India’s B2B sector, which is projected to see the emergence of 10-15 new unicorns over the next five years.