Razorpay, an online payments platform, today announced that it has been selected by Nasscom in the ‘League of 10’ companies that are redefining the benchmarks of excellence in India, as part of Nasscom Emerge 50 2016 Awards. Razorpay is the only fintech company in the list, and the recognition comes within two years of its inception.
“We assess companies based on financials, growth market differentiators and importantly, innovation. Razorpay made the cut in the ‘League of 10’ companies because of their technology and ability to solve a core problem in such a short span of time,” said Mr. C. P. Gurnani, Chairman of Nasscom.
The award represents a bellwether for the direction in which innovative emerging organisations in the country are headed. In the 8th edition of the awards, Nasscom received an overwhelming 358 applications across categories this year. After a rigorous selection process involving nominations and shortlisting based on product, market and business excellence, Razorpay, presented its product to a panel of jury that rated and ranked the company among the ‘League of 10 companies’ of the year.
“This is the first time we were a part of the evaluation process and we’re thrilled to be recognised on our debut. Our product focus and innovation are the key factors for this recognition, and continues to be our core competencies. Our innovative tech in the payments space has given us a considerable edge in the market and we’re able to on-board merchants from our competitors because of our innovation. It’s a remarkable time for B2B companies and this recognition validates our efforts to disrupt the fintech space,” said Harshil Mathur, CEO and Co-Founder Razorpay.
Nasscom Emerge 50 is one of Nasscom’s most coveted and flagship annual events. The initiative identifies, showcases and supports the top 50 high potential emerging product centric organisations in the country.
Razorpay is the second India focused company to be selected to the Y Combinator. Razorpay has been rapidly growing since its inception in 2014, with merchants like Videocon, Nykaa, Zerodha, NestAway, Udacity and Chai Point among others. Razorpay’s other investors include MasterCard, Tiger Global, and Matrix Partners.
Razorpay is a payments platform for online businesses in India. Razorpay helps businesses accept online payments via Credit Card, Debit Card, Net banking and Wallets from their end customers. Razorpay is the first payment gateway to launch UPI as a payment option across its merchants. Razorpay is known to be a developer oriented payment gateway and focuses on essentials such as 24×7 support, one-line integration code and superior payment experience. Razorpay’s investors include MasterCard, Tiger Global, and Matrix Partners.