Razorpay has partnered with venture capital funds Peak XV and Lightspeed to launch Razorpay Venture Investment Program. The Bengaluru-based fintech firm aims to invest in over 50 early-stage, visionary founders with a target of 10-15 startups every year.

Through this programme, the company -- which plans to invest up to $1 million per startup -- will offer funding, technology, and leadership support to B2B startups across various development stages.

 

With an increasing focus on fostering innovation, India could see an addition of 10-15 unicorns in the B2B space over the next five years, Razorpay said in its statement.

The Razorpay Venture Investment Program is designed to support startups from pre-seed to Series A, spanning industries such as fintech, e-commerce, retail, travel, education, healthcare, logistics, hospitality, mobility, and exports. 

The programme will be led by Vishnu Acharya, Razorpay’s head of strategy and corporate development. It offers access to Razorpay’s API stack and sandbox environments; funding up to $1 million per startup; introduction to Razorpay’s distribution network, product partnerships, and customer connections; and mentorship.

Ishaan Mittal, managing director at Peak XV Partners, said, “Great to see them (Razorpay) launch this program to support founders who will build the next generation of fintech startups. Peak XV Partners is excited to be a part of this.”

“We are excited to continue our partnership with Razorpay through this new initiative to back technology companies serving SMEs across India. Partnering with Razorpay helps technology vendors get distribution into the largest collection of SMEs in India, as well as take advantage f Razorpay’s market-leading payments infrastructure," Dev Khare, Partner at Lightspeed, added.

Applications are open directly on Razorpay’s website.