Harshil Mathur
Co-founder & CEO, Razorpay
Mechanical engineering degree, Indian Institute of Technology Roorkee (2013)
About
Harshil Mathur is co-founder and chief executive of Razorpay, the Bengaluru payments and business-banking company he started in 2014 with Shashank Kumar. The two met at IIT Roorkee, where they helped set up SDS Labs, the campus software development group. Mathur graduated in 2013 with a mechanical engineering degree, though he had been coding since school, and went to work for Schlumberger in the Middle East while Kumar joined Microsoft in the US. In 2014 they tried to collect online donations for a crowdfunding project and ran into the limits of existing payment gateways, which led them to build Razorpay. The company was accepted into Y Combinator's Winter 2015 batch, and the founders spent the full three months in Mountain View; Razorpay later became YC's first Indian unicorn. Under Mathur it grew from a payment gateway into a broader suite including the RazorpayX neobanking platform and Razorpay Capital for lending, and bought companies such as Ezetap and Malaysia's Curlec. In 2025 Razorpay completed moving its parent company's domicile from the US to India ahead of a planned listing.
Razorpay has raised about $742 million in equity across Series A to F rounds from investors including Peak XV Partners, Sequoia Capital India, Tiger Global, GIC, Ribbit Capital and Y Combinator. It began the reverse flip in May 2023 and converted into a public limited company in April 2025; the merger of Razorpay Inc. into Razorpay Software was approved through the Ministry of Corporate Affairs' fast-track route. In December 2024 Mathur said the company was aiming for profitability by 2026. His recognitions include EY Entrepreneur of the Year (Financial Services) in 2022, Forbes 30 Under 30 Asia in 2021 and Fortune India's 40 Under 40 in 2021 and 2024. He holds a black belt in karate.
Source: d6xcmfyh68wv8.cloudfront.net