In FY24, Razorpay reported an operating revenue of INR 2,501 Cr, up 9% from the previous year's INR 2,293 Cr

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Razorpay, founded by Shashank Kumar and Harshil Mathur in 2014, has raised approximately $740 million from noteworthy investors such as GIC, Tiger Global, and Lightspeed Ventures

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The anchor investor bidding dThe company primarily earns money from commission fees on its payment gateway servicesate is on November 5

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The company's payment gateway services segment generated INR 2,068 Cr, up 24% from INR 1,665 Cr in FY23

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Razorpay witnessed increased profitability. The company's profit after tax (PAT) increased by 4.85 times to INR 34 crore in FY24, up from INR 7 crore the previous year

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In FY24, the Sequoia-backed startup's total expenses increased by 7% year on year to INR 2,454 crore

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The company's personnel expenses reached INR 611 Cr, accounting for 25% of overall expenses due to increasing staff and payouts

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Razorpay launched 40 new products in FY24, which were widely adopted across industries

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The startup generated an annualized total payment volume (TPV) of $180 billion

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In December 2021, it raised $375 million at a valuation of $7.5 billion

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