Shashank Kumar - The Progress Catalyst
A visionary entrepreneur and fintech innovator

Shashank Kumar is a distinguished entrepreneur, technologist, and the co-founder and Managing Director (MD) of Razorpay, one of India’s leading fintech companies. Known for his passion for innovation and customer-centric solutions, Shashank has played a pivotal role in revolutionising India’s digital payments ecosystem.
Nationality:Â Indian
Date of Birth: 1990
Hometown: Patna, Bihar
Education: Bachelor’s degree in Computer Science from the Indian Institute of Technology (IIT), Roorkee
Employment History:Â Co-founder and MD of Razorpay, with prior experience at Microsoft USÂ as a Software Developer.
Shashank’s entrepreneurial journey exemplifies his ability to combine technology, innovation, and leadership to address challenges in India’s burgeoning fintech sector.
Shashank Kumar, IIT graduate to fintech leader
Shashank Kumar co-founded Razorpay in 2014 alongside Harshil Mathur, with a vision to simplify digital payments for Indian businesses. The idea emerged from the duo’s shared frustration with the complexity of payment gateways while studying at IIT Roorkee and working abroad.
Razorpay started as a payment gateway solution but has since evolved into a comprehensive financial services platform, offering products like RazorpayX (business banking), Razorpay Capital (lending), and Razorpay Thirdwatch (fraud prevention). The platform serves over 10 million businesses, including major clients like Swiggy, Zomato, and IRCTC.
Under Shashank’s leadership, Razorpay has achieved unicorn status, with a valuation exceeding ₹61,700 crore (2024). It remains a pioneer in India’s fintech space, enabling businesses to manage payments, payroll, and banking seamlessly.
Impact Maker Name

As Razorpay’s Managing Director, Shashank Kumar has been instrumental in fostering a culture of innovation within the company. His focus on user-centric design and advanced technology has positioned Razorpay as a leader in India’s digital payment landscape.
Shashank’s contributions extend beyond product development; he is committed to fostering financial inclusion by enabling small and medium enterprises (SMEs) to adopt digital payment solutions. Razorpay’s platforms are designed to support businesses across industries, bridging the gap between traditional finance and modern technology.
Through initiatives like Razorpay Capital, the company has also supported SMEs with quick access to working capital, empowering businesses to scale operations.
Change Maker Name
Born and raised in Patna, Bihar, Shashank Kumar’s journey is a testament to perseverance and vision. After graduating from IIT Roorkee, he worked at Microsoft US, where he gained valuable insights into product development and technology management. However, his entrepreneurial instincts led him to return to India and build Razorpay with Harshil Mathur.
Shashank’s story resonates with aspiring entrepreneurs, showcasing the importance of calculated risks, adaptability, and customer empathy in building successful ventures.
Progress Catalyst Name
Under Shashank Kumar’s guidance, Razorpay has expanded its offerings to include cross-border payments, subscription billing, and advanced analytics tools. His long-term vision focuses on transforming Razorpay into an omnichannel financial services platform, integrating traditional and digital banking seamlessly.
The company has also forayed into international markets, exploring opportunities to replicate its success globally. Shashank continues to invest in AI-driven solutions, ensuring Razorpay remains at the forefront of fintech innovation.
Achievements

Co-founding Razorpay (2014): Built one of India’s largest fintech platforms, processing billions of transactions annually.
Razorpay’s Unicorn Status (2021): Helped the company achieve a valuation exceeding ₹61,700 crore.
Product Expansion:Â Launched RazorpayX, Razorpay Capital, and Thirdwatch to provide end-to-end financial solutions.
Financial Inclusion:Â Empowered millions of SMEs with easy access to digital payment and credit solutions.
Job Creation: Contributed to employment generation in India’s tech and fintech sectors.
Awards & Recognitions
Hurun India Rich List (2024): Listed as one of India’s youngest billionaires.
EY Entrepreneur of the Year (2021):Â Honoured for his contributions to fintech innovation.
Forbes 30 Under 30 Asia (2017):Â Recognised for his role in shaping the future of payments.
Economic Times Startup Awards (2022):Â Named among the most impactful entrepreneurs in the start-up ecosystem.
Media References
MoneyControl - Shashank Kumar takes over as MD
Hindustan Times - Hurun Rich List 2024
DNA India - Razorpay founders’ success
YourStory - Shashank Kumar’s journey
Planify - Shashank Kumar profile
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