A renowned fintech company, Razorpay, recently launched its new initiative for venture investments designed to augment the growth of early B2B startups through the Razorpay Venture Investment Program. The program has partnered with Peak XV Partners and Lightspeed in order to support over 50 promising founders of B2B startups through funding and technical resources for mentorship. Every selected startup could receive up to $1 million in investment.

It will target those within the pre-seed to Series A stages and therefore cut across various sectors: fintech, e-commerce, healthcare, education, and logistics. The program will grant such advantages as tech integration, market access, and even custom mentorship leading these companies through scaling and succeeding.

In addition to financial support, startups will have access to Razorpay’s comprehensive tech suite, including API stack and sandbox environments, to embed financial services within their products while remaining compliant with regulations. Participants will also gain access to Razorpay’s vast distribution network and customer base, as well as personalized mentorship from Razorpay’s leadership, including founders.

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.

“With the Razorpay Venture Investment Program, we aim to ease this journey by providing access to the right technology, mentorship, and partnerships to help founders innovate and scale faster. We’re excited to back the next wave of B2B pioneers and fuel the expansion of B2B startups in India”, said Harshil Mathur, Co-founder & CEO, Razorpay.

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

Ishaan Mittal, Managing Director at Peak XV Partners, praised the initiative, saying, “Razorpay’s journey has been inspirational for fintech startups in India. The decade-long journey has involved navigating complex challenges across tech, regulations, and growth. It’s great to see them launch this program to support founders building the next generation of fintech startups”.

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