About
Shashank Kumar is a co-founder and the managing director of Razorpay, the Bengaluru-based payments and banking platform for businesses. A graduate of IIT Roorkee, he worked as a software developer at Microsoft in the United States before leaving to build a simpler way for Indian businesses to accept payments online. He and Harshil Mathur conceived Razorpay in early 2014, and it became one of the few India-focused companies selected for Y Combinator. Kumar built the product and ran engineering as chief technology officer for the company's first eight years. In June 2022 Razorpay hired former AWS executive Murali Brahmadesam as CTO, and Kumar took the title of co-founder and managing director, responsible for the long-term direction of engineering and product and for the go-to-market work of RazorpayX, its business banking arm, and Razorpay Capital, its lending arm. Razorpay has grown from a payment gateway into a broader financial services provider through products and acquisitions such as Ezetap and, in its first overseas deal, Curlec.
Razorpay rebranded as 'Razorpay 2.0' in 2017 as it moved beyond payments, later launching RazorpayX and Razorpay Capital. Its acquisitions include Ezetap, PoshVine, IZealiant, Opfin (now RazorpayX Payroll), Thirdwatch and TeraFin Labs. A 2023 company biography says Kumar was recognised in the Forbes 30 Under 30 Asia class of 2021, Fortune India's 40 Under 40 in 2021 and Entrepreneur magazine's Top 35 Under 35, and that he and Mathur won EY Entrepreneur of the Year. The same document says Razorpay had raised $741.5 million across its Series A to F rounds from investors including Tiger Global, Sequoia Capital India and Y Combinator.
Source: d6xcmfyh68wv8.cloudfront.net