Total amount raised
$4 Millions
Latest funding date
4/1/2021
Location
Easebuzz has successfully raised funding through multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive suite of digital payment solutions designed to streamline financial operations for businesses.
Keep reading to explore the intricacies of Easebuzz's fundraising journey and the investors backing this innovative platform.
What Is Easebuzz?
Founded in 2015, Easebuzz is headquartered in Pune, Maharashtra, India. The company was established by Rohit Prasad and has grown significantly since its inception.
Easebuzz provides a comprehensive software platform that enables B2B companies and startups to become fintechs, offering a range of digital payment solutions. Their services include payment gateways, payment links, and various APIs to streamline financial operations.
With a team of 251-500 employees, Easebuzz continues to innovate and support businesses in digitizing their payment processes, making financial management more efficient and cost-effective.
How Much Funding Has Easebuzz Raised?
- Seed Round
- Amount Raised: $4M
- Date: April 2021
- Lead Investors: 8i Ventures, Guild Capital, Varanium Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen the product team, enhance sales and marketing efforts, and offer more payment-based APIs to SMEs.
- Non-Equity Assistance
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational growth and expand service offerings.
Total Amount Raised: $4M. Current Valuation: Not publicly disclosed.
Key Investors
- 8i Ventures
- Details: 8i Ventures is a venture capital firm that invests in early-stage companies. They are known for backing high-growth potential startups in the digital and technology sectors.
- Investment Focus Areas: Digital, technology, early-stage startups.
- Notable Investments: Not publicly disclosed.
- Guild Capital
- Details: Guild Capital is a venture capital firm that focuses on early-stage investments. They leverage trends in digitization and financial inclusion to support their portfolio companies.
- Investment Focus Areas: Digitization, financial inclusion, technology.
- Notable Investments: Not publicly disclosed.
- Varanium Capital Advisors
- Details: Varanium Capital Advisors is an investment firm that focuses on various sectors, including technology and financial services. They aim to support high-growth companies.
- Investment Focus Areas: Technology, financial services, high-growth sectors.
- Notable Investments: Not publicly disclosed.
- Amrish Rau
- Details: Amrish Rau is a prominent angel investor and the CEO of Pine Labs. He is also a former founder of Citrus Pay, a leading payment solutions provider in India.
- Investment Focus Areas: Fintech, digital payments, startups.
- Notable Investments: Pine Labs, Citrus Pay, Easebuzz.
- Jitendra Gupta
- Details: Jitendra Gupta is an angel investor and the founder of Jupiter, a digital banking startup. He co-founded Citrus Pay and has a strong background in fintech.
- Investment Focus Areas: Fintech, digital banking, startups.
- Notable Investments: Jupiter, Citrus Pay, Easebuzz.
What's Next for Easebuzz?
Easebuzz stands at the cusp of significant growth, driven by the hyper-digital shift in India's $800 billion retail economy. The company plans to develop new services around digital remittances and collections for SMEs, leveraging the projected growth of the payment gateway aggregator market to Rs22.6 trillion by FY25. This vast opportunity positions Easebuzz to scale its operations and expand its service offerings across different cities in India.
Future fundraising rounds seem likely as Easebuzz aims to hit a $10 billion annual run rate in transactions. However, the company will need to navigate challenges such as competition from other payment solution providers and keeping up with rapid technological changes. Ensuring seamless integration and user experience for SMEs will be crucial for sustaining growth and attracting further investments.
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