Razorpay launches out of the Winter 2015 batch of YC:
“The rise of companies like Flipkart, Snapdeal and Ola have put a spotlight on the e-commerce opportunity in India, where the growth of catchy businesses is being fuelled by consumer demand, improving Internet connectivity and generous VC funding. Now, a new startup called Razorpay — part of the current Y Combinator class — is hoping to ride that trend, by giving more startups and larger tech companies in the country the ability to make it easier to integrate payments into their services.
Razorpay is not unlike Stripe — a YC alum itself — in that it provides a very simple interface and gateway for businesses that want to take payments for goods or services online. Using Razorpay’s APIs, a company can add payments with a few lines of code, and consumers can then pay using a credit card, a debit card or net-banking (online bank transfers, one popular payment option in India). What makes Razorpay special, however, is that it’s made by an Indian team and specifically for businesses that operate in India.”