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Ezetap is a technology company.
Ezetap has raised $91.0M across 6 funding rounds.
Ezetap has raised $91.0M in total across 6 funding rounds.
Razorpay’s POS swipe machines are built for what’s next. Reimagine your counters, keep queues moving, and elevate customer experience with unparalleled speed and self-healing intelligence, designed for India’s finest disruptors.
Ezetap is an Indian fintech company that builds a full-stack payments platform enabling businesses to accept any digital payment method—cards, wallets, UPI, apps—through a single interface, including its own hardware and software for processing from switching to reconciliation.[1][3][4] It serves brick-and-mortar retailers, e-commerce players like Amazon and Flipkart, enterprises, logistics, healthcare, government, and financial inclusion organizations, solving the fragmentation of India's diverse payment ecosystem by offering multi-acquiring, auto-reconciliation, pay-later services, insights, and loyalty programs.[1][3][5] With over 300,000 smart service points deployed, it processed $10 billion annually pre-acquisition and showed strong growth, ranking #3 on CNBC's Global Top 50 Disruptors in 2016.[2][4][5]
Acquired by Razorpay in August 2022 for $150-200 million, Ezetap now powers Razorpay's offline payments expansion, having raised $51 million from investors like Social Capital and Helion Venture Partners.[3][4][5]
Founded in 2011 in Bengaluru, India, by Abhijit Bose and Bhakta Keshavachar, both veterans from payments, hardware, cloud, and SaaS industries, Ezetap emerged to create a frictionless digital payments ecosystem amid India's shift from cash to digital transactions.[1][3][4] The idea addressed the chaos of multiple payment modes (cards, UPI, wallets, biometrics, offline), with early focus on universal hardware-software integration for merchants.[2]
Pivotal moments included deploying over 230,000-300,000 smart service points, securing top disruptor rankings from CNBC (2016-2018), and partnerships with major banks and enterprises like Amazon and BigBasket, leading to $2-10 billion in annual processing volume.[1][2][4][5] This traction culminated in its 2022 acquisition by Razorpay.[3][5]
Ezetap rode India's digital payments explosion post-demonetization (2016) and UPI adoption, unifying fragmented methods in a market projected for massive growth amid rising smartphone penetration and government pushes like Digital India.[1][2] Timing was ideal as cashless transactions surged, with Ezetap enabling small merchants and enterprises to digitize amid competitors like Pine Labs.[3]
It influenced the ecosystem by deploying massive offline infrastructure (300,000+ points), bridging fintech with hardware, and accelerating financial inclusion for millions—paving the way for consolidations like its Razorpay acquisition, which strengthened India's unified payments stack against global players.[3][5]
Post-2022 Razorpay integration, Ezetap's offline prowess positions it to dominate India's hybrid payments market, potentially scaling to 5x revenue growth amid UPI's dominance and rising offline-online convergence.[5] Trends like AI-driven fraud detection, embedded finance, and global expansion (e.g., via Razorpay) will shape its path, evolving its influence from disruptor to infrastructure backbone for Bharat's $154M-revenue fintech giant.[4][5]
This full-stack pioneer continues transforming how millions transact daily, solidifying India's leadership in frictionless payments.[1]
Ezetap has raised $91.0M in total across 6 funding rounds.
Ezetap's investors include Jonathan Soros, Li Ka-shing, Jeff Skoll Group, Chamath Palihapitiya, Brighteye Ventures, Social Capital, Helion Venture Partners, Carl Showalter, Berggruen Holdings, Helion Advisors, David O. Sacks, Nicolas Berggruen.
Ezetap has raised $91.0M across 6 funding rounds. Most recently, it raised $16.0M Other Equity in August 2017.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 24, 2017 | $16.0M Other Equity | Jonathan Soros | Li Ka-shing, Jeff Skoll Group, Chamath Palihapitiya |
| Aug 1, 2017 | $16.0M Series D | Brighteye Ventures, Social Capital | |
| Aug 7, 2015 | $23.0M Other Equity | ||
| Aug 1, 2015 | $24.0M Series C | Brighteye Ventures, Helion Venture Partners, Social Capital, Carl Showalter | |
| Feb 1, 2014 | $8.0M Series B | Social Capital, Berggruen Holdings, Helion Advisors | Brighteye Ventures, Helion Venture Partners, Carl Showalter |
| Oct 1, 2012 | $4.0M Series A | Social Capital | Brighteye Ventures, David O. Sacks, Nicolas Berggruen, Peter Thiel, Bala Parthasarathy |