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§ Private Profile · Bangalore, India
Fintech company providing full-stack payment acceptance solutions and omnichannel software for offline merchants and enterprises in India.
Ezetap is a Bengaluru, India-based financial technology company that provides full-stack payment acceptance solutions, including mobile point-of-sale devices and omnichannel software for offline merchants and enterprises. Prior to its acquisition, the company raised approximately $66.4 million in venture funding and processed over $10 billion in annual transaction volume. Operating on a subscription-based annual recurring revenue model, the firm integrates payment software development kits directly into enterprise workflows to facilitate transactions via cards, digital wallets, and QR codes. In 2022, Ezetap was acquired by Razorpay in a transaction valued between $150 million and $200 million, which saw approximately 300 employees join the acquiring entity. The company's historical capitalization table included prominent venture backers such as Social Capital, American Express, and Peter Thiel. Ezetap was originally founded in 2011 by Abhijit Bose and Bhaktha Keshavachar.
Ezetap has raised $91.0M across 6 funding rounds.
Ezetap has raised $91.0M in total across 6 funding rounds.
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 | Status |
|---|---|---|---|---|
| Aug 24, 2017 | $16M Venture Round | Jonathan Soros | LI KA Shing, Jeff Skoll Group, Chamath Palihapitiya | Announced |
| Aug 1, 2017 | $16M Series D | JS Capital Management | Brighteye Ventures, Social Capital, Horizons Ventures, Jeff Skoll Group | Announced |
| Aug 7, 2015 | $23M Venture Round | — | — | Announced |
| Aug 1, 2015 | $24M Series C | — | Brighteye Ventures, Helion Venture Partners, Social Capital, Carl Showalter | Announced |
| Feb 1, 2014 | $8M Series B | Social Capital, Berggruen Holdings, Helion Advisors | Brighteye Ventures, Helion Venture Partners, Carl Showalter | Announced |
| Oct 1, 2012 | $4M Series A | Social Capital | Brighteye Ventures, David O. Sacks, Nicolas Berggruen, Peter Thiel, Bala Parthasarathy | Announced |
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, JS Capital Management, Brighteye Ventures, Social Capital, Horizons Ventures, Helion Venture Partners, Carl Showalter, Berggruen Holdings, Helion Advisors.
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]