Razorpay has introduced a new investment program aimed at funding early-stage startups focused on creating innovative solutions for businesses.

Razorpay’s Venture Investment Programme aims to fund 10-15 startups each year, investing up to $1 million per company, with a goal of supporting at least 50 startups.

The program will focus on B2B startups in sectors like fintech, travel, healthcare, hospitality, retail, and e-commerce, aiming to back India’s growing B2B unicorn potential over the next five years.

Razorpay’s investment program will fund early-stage B2B startups with amounts ranging from $500,000 to $1 million, focusing on companies that could benefit its clients.

Peak XV Partners and Lightspeed will co-invest with Razorpay, with Razorpay handling early-stage evaluations and partners assisting in late-stage funding.

Razorpay will offer mentorship, guidance, and discounted products to founders, with a three-member team led by Vishnu Acharya managing startup scouting and evaluation, with final decisions involving company leadership.

Razorpay is currently evaluating startups and expects to begin investments within the next few months.

Razorpay joins other tech companies investing in startups, like Zerodha, with its Rainmatter fund and InfoEdge, a major backer of tech unicorns.

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