Razorpay goes on hiring spree to employ 650 people in next 10 months

By Leandra Monteiro

FinTech unicorn Razorpay announced that they will be creating 650 job opportunities across the technology, product and business teams in the next 10 months, to meet the growing payment and banking needs of small and medium enterprises (SMEs) and freelancers.

Out of the total 650 positions, 350 will go towards expanding the engineering and product teams, and the rest will be part of the customer experience, sales and marketing forces, the company said. The 650 new positions will also include both freshers and lateral hires.

The company which currently employs around 1,300 people has hired over 550 people last year and witnessed a three times business growth in the pandemic-hit year.

“Our hiring plans are driven by more investment in product development, customer experience and new additions to the existing product suite so that we cater to the ever-evolving payment and banking needs of SMEs & MSMEs,” said Chitbhanu Nagri, Senior Vice President, People Operations, Razorpay.

Razorpay raised $100 million in its Series D round of funding in October last year, joining the league of other startup-turned- Indian unicorns such as BYJU’s, Swiggy, Zomato, Paytm and more.

Razorpay powers payments for businesses, including Facebook, Airtel, BookMyShow, Ola, Zomato, Swiggy, CRED and ICICI Prudential among others, and aims to reach out to more business by next year.

“We are excited and looking forward to 650 more people joining us as we together work towards servicing the next 5 million businesses by 2022,” Nagri added.

Razorpay is a payments solution in India that allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, netbanking, UPI and popular wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money and PayZapp.