Former Swiggy, Zomato execs' AI startup Profound bags seed funding
The funding round was raised from VC firms Stellaris Venture Partners and 3one4 Capital, and a group of prominent angel investors including Swiggy CEO Sriharsha Majety.
Explore the latest news, in-depth reports, and executive analysis tagged with #Harshil Mathur.
The funding round was raised from VC firms Stellaris Venture Partners and 3one4 Capital, and a group of prominent angel investors including Swiggy CEO Sriharsha Majety.
The product -- Agent Studio -- also has a feature called "Build Your Agent", which allows businesses to create AI agents using natural language prompts.
Last year, Razorpay had tied up with OpenAI and the National Payments Corporation of India (NPCI) for agentic AI payments.
The Bengaluru-based fintech is planning a public offering exceeding $700 million (approximately Rs 6,340 crore).
The company reported a loss, post-employee stock ownership plan (ESOP) expenses of Rs 1,209 crore.
The partnership will also explore AI-driven commerce in India.
The Head and Tale looks back at those deals struck by Razorpay as the company readies itself for an initial public offering (IPO) in the coming years.
The development comes weeks after Razorpay officially restructured itself into a public limited company, a key step toward its anticipated IPO.
Razorpay CEO Harshil Mathur and PhonePe CEO Sameer Nigam have been appointed vice chairman and treasurer of the industry body, respectively.
This development follows the recent approval of the merger between Razorpay Inc. and Razorpay India by the Regional Director in Hyderabad.
Razorpay, Cashfree, Paytm, and PhonePe are taking control back, ditching third-party routers. But what about merchants—are they embracing the change or caught in the chaos?
The company, which marks its 10th anniversary, announced its first ESOP buyback in 2018, followed by a $75 million ESOP buyback in 2022.