Razorpay, India’s leading full-stack financial solutions provider for businesses, has made headlines once again—this time not just for its innovation in fintech, but for the extraordinary achievement of its visionary co-founders. Shashank Kumar and Harshil Mathur, the dynamic duo behind the startup’s meteoric rise, have been named India’s youngest billionaires at just 34 years of age, according to the Hurun Global Rich List 2025.
Each co-founder now holds a net worth of ₹8,643 crore (approximately $1.04 billion), a milestone that reflects not only their entrepreneurial brilliance but also the massive impact Razorpay has had on India’s digital economy.
From Modest Beginnings to Billion-Dollar Disruption
Founded in 2014 by IIT Roorkee alumni Shashank Kumar and Harshil Mathur, Razorpay began as a simple idea to simplify online payments for Indian businesses. Over the past decade, the company has evolved into a fintech powerhouse, offering a full suite of payment and banking solutions including Razorpay Payments, RazorpayX (neo-banking), and Razorpay Capital (lending solutions).
The startup gained rapid traction in a market ripe for digital transformation. Today, Razorpay powers payments for over 10 million businesses, including industry giants like Facebook, Zomato, Swiggy, Airtel, and BookMyShow, processing billions of dollars in transactions annually.
Speaking on the occasion, Harshil Mathur, CEO and Co-founder, said:
“We are deeply honored and humbled by this recognition. But for us, true success has always been about solving real problems for real businesses. This milestone belongs not just to Shashank and me, but to every member of the Razorpay team and every entrepreneur who trusted us in their growth journey.”
Backed by Global Investors and Big Ambitions
Razorpay’s exponential growth has been powered by strategic investments from some of the world’s most reputed venture capital firms. In December 2021, the company closed its Series F funding round, raising $375 million and pushing its valuation to $7.5 billion.
The round was led by global heavyweight GIC (Government of Singapore Investment Corporation) and saw participation from prominent names such as Sequoia Capital, Ribbit Capital, Matrix Partners India, Tiger Global Management, and Y Combinator—Razorpay’s first backer.
This robust backing has allowed Razorpay to expand its product portfolio, accelerate tech innovation, and scale up its presence not only in India but across South Asia.
“We’ve always believed that India’s fintech ecosystem has immense untapped potential. This achievement is a validation of what is possible when technology, ambition, and execution align. We remain committed to building solutions that enable businesses of all sizes to thrive in the digital economy.”
Fintech’s Flagbearers in the Global Arena
The inclusion of Shashank Kumar and Harshil Mathur in the Hurun Global Rich List not only recognizes individual success but also marks a coming-of-age moment for the Indian fintech ecosystem. Razorpay’s story is emblematic of the broader shift toward digital payments and neo-banking in India—a country witnessing a rapid transformation in financial behavior, largely driven by startups.
As of 2025, India is among the world’s fastest-growing fintech markets, expected to touch $1.3 trillion in digital payments by 2026. Razorpay has been at the forefront of this revolution, empowering millions of small businesses, D2C brands, and enterprises with tools that simplify money movement, credit access, payroll, compliance, and more.
With over 1,000+ partner integrations and a host of APIs and SaaS-based tools, Razorpay continues to redefine what it means to be a financial platform for modern businesses.
The Road Ahead
The co-founders have consistently reiterated their long-term vision: to build a tech-first, innovation-driven financial infrastructure for the next 100 million businesses in India and beyond.
Looking ahead, Razorpay plans to go public within the next couple of years, with preparations already underway for compliance and governance restructuring. There is also growing speculation about the company’s potential foray into international markets, with Southeast Asia and the Middle East being top contenders.
Internally, the company continues to invest in talent and R&D, recently expanding its team to over 3,000 employees and launching a new R&D center in Bengaluru focused on AI and cybersecurity in financial services.
A Billionaire Milestone, A Startup Mindset
Even with their billionaire status confirmed, both Kumar and Mathur maintain a grounded approach to leadership. Employees describe them as “humble, hands-on, and deeply invested in Razorpay’s mission.”
Their journey—from college friends coding prototypes in a small apartment to becoming icons in the global business community—is a beacon of inspiration for aspiring entrepreneurs across the country.
As Razorpay celebrates this landmark moment, the co-founders remain focused on what truly matters: solving financial challenges for businesses, nurturing India’s digital economy, and building a company that outlasts them.
About Razorpay
Founded in 2014, Razorpay is India’s leading full-stack fintech company offering payment solutions, neo-banking services, and lending products to businesses of all sizes. The company is backed by top global investors and is on a mission to simplify financial operations for millions of Indian businesses. Razorpay serves over 10 million merchants and is headquartered in Bengaluru, India.
