🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Easebuzz raises $30 Mn, plans IPO in 2-3 years

EntrackrEntrackr · 6m ago
Easebuzz raises $30 Mn, plans IPO in 2-3 years
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.

Decoding Easebuzz’s Series A round, valuation and captable

EntrackrEntrackr · 6m ago
Decoding Easebuzz’s Series A round, valuation and captable
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.

Bessemer Venture Partners appoints Pankaj Mitra as Partner

EntrackrEntrackr · 4m ago
Bessemer Venture Partners appoints Pankaj Mitra as Partner
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.

Easebuzz reports 2.3X revenue growth in FY25; PAT jumps to Rs 19 Cr

EntrackrEntrackr · 7d ago
Easebuzz reports 2.3X revenue growth in FY25; PAT jumps to Rs 19 Cr
Medial

Easebuzz reports 2.3X revenue growth in FY25; PAT jumps to Rs 19 Cr Payments infrastructure startup Easebuzz more than doubled its operating scale in FY25, along with strong growth in its profit after tax (PAT). Easebuzz’s revenue from operations surged nearly 2.3X to Rs 656 crore in FY25 from Rs 289 crore in FY24, according to its financial statements filed with the Registrar of Companies (RoC). Easebuzz, a B2B payment gateway for SMEs, provides plug-and-play APIs for payments, disbursements, and financial operations. In FY25, it earned Rs 655.67 crore primarily from transaction fees, with information technology and support fees contributing Rs 36.4 lakh. Apart from operations, Easebuzz earned Rs 2.9 crore in non-operating income from interest on fixed deposits and other miscellaneous sources, bringing its total income to Rs 659 crore in the last fiscal year. For the digital payment firm, payment processing charges were the largest cost center, accounting for 86% of total expenses at Rs 545.5 crore in FY25, which grew 2.4X from Rs 225.6 crore in FY24. The firm’s employee benefit expenses rose 34% to Rs 51.94 crore, while IT expenses were Rs 20.6 crore. Other overheads, including rent, professional fees, and marketing, brought total expenses to Rs 634.3 crore in FY25, which rose 119% from the previous fiscal year’s 289.4 crore. With increased transaction volumes, the company’s revenue and expenses both doubled in FY25. However, revenue growth outpaced costs, resulting in a profit of Rs 18.77 crore, compared to Rs 37.7 lakh in FY24. Its ROCE and EBITDA margin also improved to 18% and 4.27%, respectively. At the unit level, the company spent Re 0.97 to earn a rupee in FY25. As of March 2025, its total current assets stood at Rs 196.7 crore, including Rs 142.2 crore in cash and bank balances. The Pune-based firm recently 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. As per TheKredible, 8i Ventures is the largest external shareholder with 10.88% stake followed by Varanium Capital and Bessemer Venture Partners with 8.48% and 8.47%, respectively. 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. According to Easebuzz’s managing Director Rohit Prasad, the company is planning an IPO within the next 2–3 years. While delivering on its financial projections for FY25, Easebuzz faces a much more challenging time ahead. The firm, which made the most of a regulatory ban on larger payment giants to onboard new customers earlier, went on to carve out a niche in the education space for fees collection to build a strong base. Now, it faces the challenge of identifying the next big segment, besides a push into offline payments as well. The ban on real money gaming will not help by taking out a significant prospect from the picture. The firm has shown enough smarts and nimbleness to get here, so will make for a great study for the next steps it takes to drive growth as well.

Download the medial app to read full posts, comements and news.