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Easebuzz has raised fresh funds in a Series A funding round led by Bessemer Venture Partners along with exiting investors
The Pune-based fintech helps businesses to digitise their payment collections processes and specialises in catering to various sectors including education, real estate, ecommerce and SaaS-based platforms
Last year it was reported that the startup is in talks to raised INR 200 Cr which would also include an ESOP buyback component
Pune-based B2B fintech startup Easebuzz
has secured $30 Mn (around INR 257 Cr) in its Series A funding round led by Bessemer Venture Partners, along with participation from existing investors 8i Ventures and Varanium Capital.
The round was a mix of primary and secondary infusion. However, the startup did not disclose the names of the investors who made the exits in the round.
Easebuzz plans to deploy the fresh proceeds to boost its existing SaaS-based tech stack and merchant network, accelerate product development, and enhance its online payment aggregation capabilities, it said in a statement.
The startup also aims to enter the offline point-of-sale payment solutions offering and QR-based UPI payments, including a soundbox.
“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,” Easebuzz founder and CEO Rohit Prasad said.
Founded in 2014 by Prasad and Vikram Kumar, Easebuzz helps businesses to digitise their payment collections processes. It caters to sectors like education, real estate, ecommerce, among others.
It also offers invoice management services and is a certified biller operating unit (BOU) on the Bharat Bill Payment System (BBPS).
The startup claims to serve about 2 Lakh businesses and had a gross transaction value of $30 Bn in the financial year ended March 31, 2025 (FY25).
The funding round comes a couple months after the startup received a final nod from the RBI to operate as an authorised online payment aggregator (PA). Now, it is mulling to apply for a cross-border payment aggregator license to serve international markets.
Easebuzz operates in the country’s rapidly growing fintech market, which is en route to becoming a $2.1 Tn opportunity by 2030.
According to Tofler, the startup’s standalone revenue from operations in FY24 rose 23% to INR 289 Cr from INR 234 Cr in the previous fiscal year. However, net profit declined 59% to INR 38 Lakh in the period under review from INR 94 Lakh in FY23.
