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Digital payment company Easebuzz bags $30 million lead by Bessemer
Economic Times
·
4m ago
Medial
Pune-based digital payments firm Easebuzz raised Rs 240 crore ($30 million) in a funding round led by Bessemer Venture Partners, marking its first major venture funding. This includes Rs 200 crore in primary capital and Rs 40 crore in secondary capital. Existing investors, 8i Ventures and Varanium Capital, also participated. With plans for an IPO in 2-3 years, Easebuzz aims to enhance brand building, attract talent, and explore cross-border payments while expanding in Southeast Asia and the Middle East.
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Bessemer Venture Partners bets on SaaS fintech Easebuzz
VCCircle
·
4m ago
Medial
Bessemer Venture Partners has invested $30 million in the SaaS fintech company Easebuzz, valuing it at $200 million post-money. Founded in 2014, Easebuzz provides end-to-end payment solutions to over 200,000 businesses, aiming to enhance collection efficiency for small and large enterprises. The company, profitable for seven years, reported a significant increase in net profit and revenue in FY25. Easebuzz plans to expand operations, hire new talent, and potentially go public by FY29.
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Easebuzz raises $30 Mn, plans IPO in 2-3 years
Entrackr
·
4m ago
Medial
Digital payments company Easebuzz has raised Rs 240 crore ($30 million) in a funding round led by Bessemer Venture Partners. The round included Rs 200 crore in primary capital and Rs 40 crore in secondary capital. This is Easebuzz’s first major funding since 2021, when it raised $4 million led by 8i Ventures and Varanium Capital. The proceeds will be used to boost branding, hire senior talent, and expand operations in key sectors—banking, government payments, real estate, and education, the company said in a press release. Easebuzz provides software tools to help onboard clients and currently serves 10,800 educational institutions. The Pune-based company processes $3 billion in monthly transactions and aims to double that by year-end. It also plans to grow offline payments, currently just 10% of revenue, and expand into Southeast Asia and the Middle East. Managing Director Rohit Prasad said the company is planning an IPO within the next 2–3 years. "We’re already profitable, so we didn’t want to dilute much but wanted a global fund on board,” he said. Easebuzz reported a net profit of Rs 22 crore and a gross revenue of Rs 650 crore for FY25. Most of this revenue is used to settle payments with banks. Earlier this year, Easebuzz received final authorization from RBI to operate as an online payment aggregator and is in the process of applying for a cross-border payment aggregator license to serve international markets.
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Easebuzz secures RBI nod to operate as online payment aggregator
Economic Times
·
5m ago
Medial
Easebuzz has received final authorization from the Reserve Bank of India to operate as an online payment aggregator, marking a significant milestone for the company. With this license, Easebuzz can now offer regulated ecommerce transaction services and early settlements to select merchants. It processes $30 billion in annual gross transaction value and serves over 200,000 businesses, including SMEs and startups. Easebuzz is also expanding its digital services into a full-stack financial operating system.
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Decoding Easebuzz’s Series A round, valuation and captable
Entrackr
·
3m ago
Medial
Decoding Easebuzz’s Series A round, valuation and captable Digital payments company Easebuzz has raised Rs 240 crore (approximately $28.2 million) in its Series A round including Rs 200 crore ($23.5 million) in primary capital and Rs 40 crore ($4.7 million) in secondary capital. The board at Easebuzz allotted 2,53,285 Series A CCPS and 7 equity shares at an issue price of Rs 7,896 per share to raise Rs 200 crore, its regulatory filing sourced from the Registrar of Companies (RoC) shows. This is the second funding round for the Pune-based company, before this, it raised $4 million in its seed round led by 8i Ventures, Varanium Capital, and Guild Capital. In the primary capital, Bessemer Venture Partners led the funding round with an investment of Rs 141.28 crore ($16.6 million), followed by existing investors Varanium Capital and 8i Ventures, who each contributed Rs 27 crore. Reed India Consulting also participated with an investment of Rs 4.7 crore. The proceeds will support business expansion, strengthen market presence, and fund investments in secure, scalable technology. They will also boost working capital, support marketing for customer growth and brand awareness, and address strategic corporate needs—driving long-term growth and innovation in the digital payments sector. According to Entrackr’s estimates, the company is expected to be valued at around $195–$200 million post-allotment, a significant jump from its approximate $12 million valuation during the seed round. Easebuzz has raised $34 million to date. According to startup data intelligence platform TheKredible, 8i Ventures is the largest external shareholder with a 10.88% stake followed by Varanium Capital and Bessemer Venture Partners with 8.48% and 8.47%, respectively. Co-founder and MD of the company, Rohit Prasad holds a 27.84% stake. Notably, these shareholding percentages will change a bit following the secondary transaction disclosure. Founded in 2024, Easebuzz has established itself in the payment gateway space by catering specifically to small and medium-sized enterprises (SMEs). The company offers a comprehensive suite of plug-and-play APIs that facilitate seamless payment processing, disbursements, and financial operations. On a year-on-year basis, the company reported a 24% increase in its operating revenue to Rs 290 crore, while posting a profit of Rs 37.73 lakh during the same period. The platform also processed a Gross Transaction Value (GTV) of more than Rs 1,00,000 crore during the same period, according to the company. Easebuzz competes with some major players in the payment processing space including Razorpay, Cashfree Payments, Paytm, and PhonePe, among others.
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ETtech Deals Digest: Startups raise $532.6 million this week; up 13x on-year
Economic Times
·
3m ago
Medial
Startups secured approximately $532.6 million from April 5-11, a 13-fold year-on-year increase, and a 71.9% rise from the previous week's total of $309.7 million, across 27 deals. Key deals included GreenLine Mobility Solutions raising $275 million to expand its LNG and electric truck logistics, Juspay closing a $60 million round led by Kedaara Capital, Tessell securing $60 million from WestBridge Capital, and Easebuzz gathering $30 million, with Bessemer Venture Partners leading.
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Bessemer Venture Partners appoints Pankaj Mitra as Partner
Entrackr
·
2m ago
Medial
Bessemer Venture Partners appoints Pankaj Mitra as Partner Bessemer Venture Partners has welcomed Pankaj Mitra as a Partner in its India team. Mitra will lead investments in AI, enterprise-tech, and cybersecurity as Bessemer doubles down on its India strategy. He joins from Cisco’s corporate development team, where he led global investments and M&A for the Customer Experience portfolio. His track record includes notable bets on Fiddler, Uniphore, and Whatfix. Previously, he helped launch Infosys’s $500 million innovation fund, investing in companies like Ideaforge and Whoop. He began his career at VMware and Deloitte, bringing a rare combination of product, strategy, and venture experience. “The ongoing AI platform shift offers a once-in-a-generation opportunity. I’m excited to partner with ambitious founders driving this evolution,” said Mitra. This appointment follows Bessemer’s announcement of its $350 million second India fund, with a focus on AI, fintech, enterprise, digital health, consumer, and cybersecurity. The firm has backed companies like Swiggy, Urban Company, Mediassist, Perfios, and recently Boldfit, Easebuzz, Protectt, Shopdeck, among others.
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EaseBuzz partners with Wix.com to enable seamless payment acceptance for businesses in India
IndianStartupNews
·
1y ago
Medial
Fintech startup Easebuzz has partnered with global SaaS platform Wix.com to provide online payment solutions to merchants in India. The partnership will allow merchants on the Wix platform to accept secure digital payments, including debit/credit cards, net banking, UPI, and wallets. The aim is to meet the growing demands of the Indian eCommerce market, expected to reach $150 billion by 2026. Easebuzz will also offer value-added services such as split payments, instant refunds, and international payment acceptance, empowering Wix merchants to accept various forms of online payments.
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Fintech startup Easebuzz doubles revenue to Rs 236 crore in FY23 as demand surges
Money Control
·
2y ago
Medial
Easebuzz, a fintech startup, witnessed a significant surge in demand, leading to a doubling of its revenue to ₹236 crore in the financial year 2022-23. The company offers payment solutions, online fundraising tools, and other services to businesses. Easebuzz aims to continue expanding its product offerings and serve a wider range of customers to sustain its growth momentum.
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Innoviti bags Rs 70 crore in a mix of equity and debt; sets eyes on IPO
Economic Times
·
12m ago
Medial
Merchant-focused payments company Innoviti Technologies has raised Rs 70 crore ($8.3 million) in a recent funding round, with Rs 60 crore in equity infusion and Rs 10 crore in debt. The funding round was led by US-based venture fund Random Walk Solution, with participation from existing investors Bessemer Venture Partners, Patni family office, and Alumni Ventures. With this round, Innoviti has raised a total of approximately Rs 400 crore since its inception and achieved a valuation of $230 million. The company plans to go public within the next three to four months and will use the funds to grow its online merchant payment business.
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Now, Innoviti Bags Payment Aggregator Licence From The RBI
Inc42
·
1y ago
Medial
India-based digital payments solutions company, Innoviti, has obtained an online payment aggregator (PA) licence from the Reserve Bank of India (RBI). Innoviti's PA, 'Innoviti Link', currently serves around 2,500 online merchants. This approval comes two years after Innoviti received in-principle permission to operate as a PA. The company offers payment processing solutions, point of sale terminals, and customer relationship management solutions to retailers. Innoviti claims to process over $10bn in purchase volume annually and has a presence in 28 Indian states. The RBI has been actively issuing PA licences to digital payment players, with a total of 13 granted in 2024.
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