Razorpay, the Indian fintech player, has launched a Venture Capital Fund in collaboration with Venture Capital firms Peak XV & Lightspeed. 

Objective 

The said fund will be invested in over 50 early-stage business-to-business (B2B) companies across various areas of development. The individual startups can see potential fundraising up to $ 1 million under this. 

India’s Potential 

“With growing interest in supporting startups within this space, India is projected to welcome an additional 10-15 unicorns in the B2B sector over the next five years,” the company said in a statement.

Other Perks 

Additional perks other than the funds include access to Razorpay’s API (Application Programming Interface) stack and sandbox environments. This includes an introduction to the distribution networks, product partnerships, and Customer connections. 

Finally, the leadership team of the company including the founders will be providing one-to-one guidance to the startups who can secure an amount under the venture fund.  

 Harshil Mathur, co-founder and CEO, Razorpay

“I believe the B2B space remains one of the leading areas with strong potential for growth. With the Razorpay Venture Investment Programme, we aim to ease this journey by providing access to the right technology, mentorship, and partnerships to help founders innovate and scale faster,” said Harshil Mathur, co-founder and CEO, Razorpay.