Harshil Mathur, the CEO of Razorpay, had a tough journey as he had to face more than 100 rejections from investors before finally finding a company that was willing to invest in his idea.
One of the most popular platforms for simple and secure online money transfer services is Razorpay, which was built by Harshil Mathur and his friend Shashank Kumar. This unicorn startup was not an easy feat for Mathur as he faced over 100 rejections from investors before finding a company that was willing to back his idea.
Despite facing over 100 rejections from investors, Harshil Mathur, the CEO of Razorpay, worked tirelessly to make the company a massive success. His journey was far from easy, but he eventually found a company that was willing to back his idea.
Harshil Mathur pursued his schooling at Seedling Public School, and in 2009, he enrolled in the Technology department at the Indian Institute of Technology Roorkee, where he specialized in software engineering. During his graduation, Harshil Mathur was actively involved in SDSLabs, the Hobbies Club, and ASME.
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Harshil Mathur graduated with a BTech degree in 2013, and two years later, in 2015, he participated in the YCombinator W15 Batch, where he received mentorship from Paul Buchheit and Dalton Caldwell.
Harshil Mathur worked for Schlumberger in June 2014, but he resigned in February 2015 to explore business opportunities. He then started working on Razorpay and teamed up with his college friend Shashank Kumar. Today, Razorpay is one of the leading payment gateway platforms in India, processing over 30% of all online payments in the country.
In October 2021, Razorpay achieved unicorn status after raising $100 million in a funding round led by the sovereign wealth fund GIC, which valued the company at $1 billion. In mid-April, GIC co-led another funding round for $160 million, increasing Razorpay’s valuation to $3 billion.