Razorpay creates 650 more job opportunities, will be increasing headcount by 50% in the next 10 months
The company hired over 550 employees in 2020 and looks forward to welcoming 650 more employees across technology, product and business teams in the next few months
Bangalore – 12 February 2021: After witnessing a 3x business growth in 2020, India’s recent FinTech Unicorn, Razorpay, is now creating job opportunities for over 650 employees to meet the ever-evolving payment and banking needs of SMEs and Freelancers. The fintech giant’s primary focus will be on expanding the Engineering, Product, Customer Experience, Sales, and Marketing teams, across levels.
The global pandemic has been a turning point for offline businesses and consumers. Within a year, the company witnessed an 80% increase in the demand for digital payments and the need for digital financial processes, forcing offline companies to move online. Razorpay takes pride in having built one of the highest calibers of Engineering & Product teams in India, along with the other teams, working round the clock to make the existing situation hassle-free for all businesses, particularly SMEs and MSMEs. Of the 650 new positions for both freshers and lateral hires, 350 will be towards expanding the engineering and product teams, and the rest will form the Customer Experience, Sales, and Marketing forces.
Excited about the aggressive hiring plan designed to help more underserved businesses across the country, Chitbhanu Nagri, Senior Vice President – People Operations, Razorpay said, “Things have been drastically changing at Razorpay in the last few months. With the rising adoption of digital payments during Covid-19 and thousands of businesses going online for the first time, there’s a lot of scope for interesting innovations in business payments now, something that Razorpay employees have been actively working on. This story of innovation and disruption will continue and grow stronger in the next few months and hence our hiring plans are being driven by more investment in product development, customer experience, and new additions to the existing product suite so that we cater to the ever-evolving payment and banking needs of SMEs & MSMEs.”
Nagri added, “I believe that the new team members will come with a new set of ideas, relentless enthusiasm, and an undying passion to ensure we stay at the top of the game and continue to put customer experience and convenience before everything else. We are excited and looking forward to 650 more people joining us as we together work towards servicing the next 5Mn businesses by 2022.”
Razorpay’s strength lies in its current 1300 employees, and in the last year, the company has hired over 550 employees and has also created cross-functional growth opportunities for its existing employees. The employees will continue to work remotely for the next few months.
Recently, Razorpay announced a string of new products to empower the next phase of digital growth for Small Businesses in India. The company launched Vernacular Language Support in 7 languages, India’s first B2B app store, the “Razorpay Trusted Badge” to improve conversions for new businesses, and Group Health Insurance for companies with as few as two employees. The Fintech unicorn has also been steadily growing its neo banking arm, RazorpayX which serves more than 10,000 businesses today and is the leading B2B neobank in the country.
The company was recently crowned one of the leading FinTech Unicorns with the Series-D fundraise of $100Mn. Razorpay currently powers payments for over 5 Mn businesses, including Facebook, Airtel, BookMyShow, Ola, Zomato, Swiggy, Cred, ICICI Prudential among others, and is all set to reach 10 Million businesses by next year.
About Razorpay: Razorpay, a full-stack financial services company, and a recently crowned Unicorn, helps Indian businesses with comprehensive and innovative solutions built over robust technology to address the entire length and breadth of the payment and banking journey for any business. Established in 2014, the company provides technology payment solutions to over 5Mn businesses. Founded by IIT Roorkee alumni, Shashank Kumar and Harshil Mathur, Razorpay is the second Indian company to be a part of Silicon Valley’s largest tech accelerator, Y Combinator. Marquee investors such as GIC, Tiger Global, Sequoia Capital India, Ribbit Capital, Matrix Partners, Y Combinator, and MasterCard have invested a total of $206.5 Mn through Series A, B, C & D funding. Around 33 angel investors have invested in Razorpay’s mission to simplify payments and banking and redefine how finance works in India.
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