Early Life and Education
Shashank Kumar's journey began in Chhapra, Bihar. He excelled academically, earning a degree in Textile Engineering and a minor in Business Administration from IIT Delhi. His early experiences, including helping his family financially, instilled a strong work ethic and drive to succeed.
Career and Rise to Success
Kumar started his career at Microsoft but soon realized his entrepreneurial calling. In 2014, he co-founded Razorpay with Harshil Mathur, aiming to simplify digital payments for businesses. Razorpay quickly gained traction, becoming a leading payment gateway in India. The company's success is attributed to its focus on the needs of startups and small businesses. Kumar's role evolved from CTO to Managing Director, overseeing the company's long-term vision. The company has since expanded to multiple countries.
Key Business Strategies
Razorpay's strategy has been centered around providing a comprehensive payment solution. This includes payment gateways, banking solutions, and other financial services. The company has also made strategic acquisitions to expand its services. Kumar has emphasized the importance of building a strong product and saying "no" to distractions, which has been crucial to Razorpay's success. Kumar has also focused on building a strong company culture.
Philanthropy
While specific amounts are not readily available, Shashank Kumar is known to be generous. He supports the ecosystem through his investments and his support of initiatives like SaaSBoomi.
