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

EntrackrEntrackr · 8m 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.

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Exclusive: Easebuzz in talks to raise around $30 Mn at over $250 Mn valuation

EntrackrEntrackr · 8d ago
Exclusive: Easebuzz in talks to raise around $30 Mn at over $250 Mn valuation
Medial

Exclusive: Easebuzz in talks to raise around $30 Mn at over $250 Mn valuation Full-stack payments solutions provider Easebuzz is in advanced discussions to raise $30 million in a new funding round, according to two people familiar with the matter. The discussions come just months after the company wrapped up its $30 million Series A round in April. As per sources, the round is expected to see participation from both new and existing investors, including Bessemer Venture Partners. “The valuation being discussed is close to $250 million post-money,” said one of the sources, requesting anonymity as the talks are private. A second source confirmed the funding size and added that the company has held conversations with multiple global funds over the past quarter. The potential fundraise follows several recent regulatory and business developments for the Pune-based company. Last month, the Reserve Bank of India allowed Easebuzz to offer online, offline and cross-border payment solutions, expanding its product offerings. The company has also posted strong financial growth and saw a 2.3X increase in operating revenue in FY25, with profit after tax at Rs 19 crore. During the last funding led by Bessemer, Easebuzz said it was exploring an IPO in the next 2–3 years. The upcoming fundraise is likely to accelerate these plans, sources indicated. Launched in 2016, Easebuzz serves more than 2.5 lakh merchants and processes over 3 million transactions each day. Its annualized Gross Transaction Value (GTV) is more than $50 billion. “With regulatory clarity and product expansion, Easebuzz wants to scale rapidly across SMBs and mid-market enterprises,” said the second source. “The company sees opportunity in sector-specific payments and reconciliation stacks where traditional gateways have gaps.” Responding to Entrackr’s queries, a company spokesperson Easebuzz does not comment on speculative information. Queries sent to Bessemer last week remained unanswered. Easebuzz has raised $34 million to date. 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. If the deal goes through, this will be one of the largest growth-stage raises in India’s payments infrastructure segment in recent months. It competes with Razorpay, Cashfree, PayU, Pine Labs, CC Avenue, among others.

Kreedo raises $4 Mn in Series A funding

EntrackrEntrackr · 1y ago
Kreedo raises $4 Mn in Series A funding
Medial

Edtech platform Kreedo has raised $4 million in Series A funding round co-led by Singapore-based Heritas Capital and existing investor UBS Optimus Foundation. The round also saw participation from other existing investors such as Gray Matters Capital, 1Crowd, The Chennai Angels, The Joka Angel Network and others. The proceeds will be used to enhance product offerings and expand into new geographies in India, Kreedo said in a press release. Co-founded in 2012 by Mridula Shridhar and VK Manikandan, Kreedo partners with affordable private schools and preschools and aims to transform the way learning is delivered in early years. Its unique 6T learning framework is an innovative model centered on the Kreedo Activity Labs which offers a structured environment for play-based learning. According to Kreedo, it currently caters to children in the age group of 3 to 8 years (Nursery to Grade 2), in line with play-based guidelines prescribed in the NEP 2020 for the foundational stage of learning. The platform offers a comprehensive solution that empowers and supports schools to significantly improve learning outcomes. Kreedo says that it is solving this problem at scale by integrating play as the primary form of learning in its partner schools in the foundation years. Over the last two years, Kreedo also says that it has seen significant growth, doubling its revenue, expanding its reach from 700 to 1,700 schools/ pre-schools and increased the number of children benefiting from its programs from 55,000 to more than 1,40,000 Kreedo intends to extend its product offerings moving upwards to grades 3-5, and enhance Practico, a digital home learning platform. The platform will also be scaling a specialized pre-primary teacher training franchise program that will create a pool of job-ready qualified teachers for its partner schools as well as the early education market in general.

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