Razorpay's Harshil Mathur on surviving ~100 bank rejections to build a $7.5 bn payments giant

Co-founder Harshil Mathur recounts how Razorpay overcame nearly 100 bank rejections to build a merchant-first payment gateway now valued near $7.5 billion. The profile also flags Razorpay's confidential DRHP filing, signaling an imminent IPO push.

— Filed Fri, 17 Jul, 2026, 09:17 IST · Source Business Today · Latest

Razorpay co-founder Harshil Mathur recounts overcoming nearly 100 bank rejections to build the merchant-first payment gateway now valued around $7.5 billion. Article also references Razorpay's confidential DRHP filing for its IPO launch.

Why this matters

The founder profile lands as Razorpay completed its reverse-flip domicile shift to India and filed a confidential DRHP, reinforcing IPO momentum alongside its new venture program with Peak XV and Lightspeed.

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