SparX by Mukesh Bansal
From ZERO to ₹10,000 Cr: Razorpay’s Untold Story | Harshil Mathur | SparX
Apr 26, 2025
Harshil Mathur, co-founder of Razorpay and a key figure in India's fintech revolution, shares his inspiring journey from coding at IIT Roorkee to transforming digital payments. He discusses the early challenges of being young founders and the organic evolution of Razorpay from a side project. Harshil unpacks the complexities behind payment systems and the significance of UPI, as well as the regulatory landscape. Insights on balancing innovation with regulations and the future of biometric payments round out this enlightening conversation for aspiring entrepreneurs and fintech enthusiasts.
01:10:15
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Quick takeaways
- Razorpay's journey underscores the importance of prioritizing innovation over valuations to maintain focus on core missions and brand promises.
- Integrating AI into all aspects of the organization is essential for enhancing productivity and ensuring competitiveness in the fintech landscape.
Deep dives
The Distraction of Unicorn Status
Achieving a unicorn status can bring significant public recognition and attention, but it can also serve as a distraction for companies. For some businesses, such as Razorpay, the focus remains on innovation rather than on the valuations that come with being labeled a unicorn. The rise in valuation from one billion to seven and a half billion within a year highlights the pressure and expectations that accompany such rapid growth. Companies must prioritize their core mission and brand promise, dedicating resources to innovation instead of being sidetracked by the accolades and limelight.
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