- Former AWS Director Murali Brahmadesam is next Chief of Engineering and CTO of
- Co-founder Shashank Kumar has now been appointed as the company’s general manager.
- IPO is definitely in the company’s pipeline, but it’s still a few years away.
Razorpay has renewed its leadership team, appointing former Amazon Web Services (AWS) executive Murali Brahmadesam as chief of engineering and CTO.
Co-founder Shashank Kumar previously held the position of CTO of Razorpay and has now been appointed as the company’s general manager.
“Engineering has been the foundation of growth for Razorpay since its inception. With a technical team of more than 800 members, we are constantly working to solve some of the toughest challenges businesses face today, with innovation at the core. Murali brings in-depth knowledge of managing technology functions at scale,” said Shashank Kumar, co-founder and now general manager at Razorpay.
Razorpay — founded in 2014 by alumni of IIT Roorkee Harshil Mathur and Shashank Kumar — is a full-stack financial services company helping eight million Indian businesses with payment and banking management solutions. Of the 42 companies that were crowned unicorns in 2021 alone, Razorpay made payments for 34 of them.
“Razorpay has been at the forefront of inventing breakthrough business payments and banking products that millions of different companies rely on,” said Murali Brahmadesam, CTO at Razorpay.
The company was valued at $7.5 billion in December last year, making it the highest-valued fintech startup in India. While Razorpay has no plans to go public in the near future, the company says it will reconsider in the next two to three years.
The company plans to scale up its banking and credit arm before going public.
“If you want to raise money in the public markets, you’d better be a full-fledged financial ecosystem company rather than just a payments company, which is a core part of our business today,” said Harshil Mathur, co-founder and CEO of Razorpay,
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