Shashank Kumar

• Shashank Kumar, co-founder of Razorpay, transitioned from the role of Chief Technology Officer (CTO) to Managing Director (MD), while Murali Brahmadesam, a former executive at Amazon Web Service (AWS), joined as the new Head of Engineering and CTO.
  
  
• This leadership change aims to bolster Razorpay's tech capabilities as it expands into global markets and continues to innovate in business payments and banking.
  
  
• Murali brings over two decades of experience from Amazon and Microsoft, specializing in managing technology functions at scale.
  
  
• Shashank will focus on Razorpay's long-term vision for Engineering, Product, and Go-To-Market (GTM) functions for RazorpayX and Razorpay Capital businesses.
  
  
• Razorpay, founded in 2014 by IIT Roorkee alumni Harshil Mathur and Shashank Kumar, is India's most valued fintech, raising $375 million in December 2021 at a valuation of $7.5 billion.
  
  
• Investors like Lone Pine Capital, Alkeon Capital, TCV, and others have invested $741.5 million in Razorpay to date.
  
  
• Razorpay acquired a majority stake in Malaysian fintech firm Curlec to expand core payment services to Southeast Asia and enable cross-border payments.
  
  
• Additionally, Razorpay acquired digital payments startup IZealiant Technologies and announced acquisitions of AI-based risk tech firm TERA Finlabs, payroll and HR management solution Opfin, and fraud analytics startup Thirdwatch.​
  

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Awards and Achievements​

• Razorpay was listed in the LinkedIn Top Startups List
  • 2018

• FinTech Awards (IFTA) in 2019, RazorpayX, its neo-banking product, received two prestigious awards: '
  • Most Innovative Payment Start-up
  • Most Innovative Fintech Product.

These awards underscore Razorpay's commitment to innovation and excellence in the fintech industry.