Early Life and Education
Harshil Mathur was born and raised in Jaipur, Rajasthan, India. His interest in technology was evident early on, leading him to pursue a Bachelor of Technology (B.Tech.) in Metallurgical Engineering from the Indian Institute of Technology (IIT) Roorkee, graduating in 2013. During his time at IIT Roorkee, he was involved in various clubs and organizations, which helped him develop a strong foundation in technology and problem-solving.
Rise to Success
After graduating, Harshil worked briefly as a Wireline Field Engineer at Schlumberger in Mumbai. Recognizing the challenges businesses faced with online payments, particularly startups and SMEs, Harshil, along with his college friend Shashank Kumar, co-founded Razorpay in 2014. The initial years involved overcoming significant obstacles, including numerous rejections from investors and financial institutions. However, through perseverance, Razorpay secured seed funding from Y Combinator and other investors, which was a turning point.
Key Business Strategies
Under Harshil's leadership, Razorpay has expanded its product portfolio, offering a comprehensive suite of financial solutions, including RazorpayX, a neo-banking platform, and Razorpay Capital, providing financing solutions. Razorpay's success is attributed to its user-friendly platform, catering to businesses of all sizes, and a focus on a customer-centric approach. The company has also made strategic acquisitions to strengthen its position in the fintech ecosystem. Razorpay's revenue for the year ended March 2024 climbed nearly 10% to 25 billion rupees ($300 million).
Philanthropy
While specific amounts are unavailable, Harshil Mathur's focus on innovation extends to financial inclusion, demonstrating a commitment to enabling more small and medium enterprises (SMEs) to participate in the digital economy.
