Easebuzz, a Pune-based full-stack payments and financial operations platform, has raised $30 million (approximately Rs 256 crore) in its Series A funding round led by Bessemer Venture Partners. Existing investors 8i Ventures and Varanium Capital also participated in the round, which included both primary and secondary transactions, the company announced in a media statement on April 6.
The fresh capital will enable Easebuzz to accelerate the development of its product portfolio in online payments, expand its vertical Software-as-a-Service (SaaS) offerings, and foray into offline payment solutions, including point-of-sale (POS) systems and UPI QR-based Soundbox solutions.
“We are looking to become the verticalised operating system for India’s digital economy. This impetus will help accelerate our mission to build an ecosystem of technology products that enable rapid digitisation of payments and financial operations for businesses across India,” said Rohit Prasad, Founder and CEO of Easebuzz.
Founded in 2014 and incubated by the Symbiosis Center for Entrepreneurship and Innovation, Easebuzz has rapidly grown to become a major player in India’s fintech landscape. The company last raised funding in April 2021, securing nearly $4 million.
The platform recently made significant strides in expanding its services, including entering the B2B payments space through the launch of an invoice management and payments platform in collaboration with NPCI Bharat BillPay Ltd (NBBL). The solution allows merchants such as manufacturers and distributors to streamline payment collections by offering multiple payment modes to buyers like retailers and shopkeepers.
According to the company, Easebuzz reported a Gross Transaction Value (GTV) of over $30 billion for FY25. Its revenue doubled to Rs 650 crore (approximately $78 million), up from Rs 294 crore in the previous fiscal year, while maintaining profitability.
“Easebuzz has built a category-defining platform at the intersection of payments and vertical SaaS. They are a company that is growing rapidly, innovating with speed and doing so profitably from day-one,” said Vishal Gupta, Partner at Bessemer Venture Partners.
A few months ago, the company received final authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator. It is now in the process of applying for a cross-border payment aggregator license to extend its reach to global markets.
“Easebuzz’s deep understanding of vertical use cases across industries—whether it’s automating education fee collection or streamlining real estate payments—gives them a significant edge,” added Vikram Chachra, Founding Partner at 8i Ventures.
Easebuzz offers sector-specific SaaS solutions integrated with payment infrastructure for a diverse range of industries, including education, real estate, e-commerce, BFSI, and government. Its customer base includes over 200,000 businesses across India, from startups and SMEs to large enterprises such as Zepto, BigBasket, Bajaj FinServ, IRCTC, Star Health Insurance, Symbiosis University, and DLF.