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The Times of India

Business

Shilpa Phadnis | TNN

Razorpay buys Ezetap for $150 million

RazorPay Ezetap Bengaluru Harshil Mathur fintech

BENGALURU: Indian fintech unicorn Razorpay has acquired payments platform Ezetap in a deal that values the latter at around $150-200 million. It is Razorpay's largest acquisition so far. It's largely a cash deal, with a small equity portion.

Founded in 2011 by Silicon Valley veterans Abhijit Bose, who is currently the head of WhatsApp India, and Bhaktha Keshavachar, Ezetap is an offline PoS (point of sale) company that has simplified the offline payments experience. Ezetap launched their first device in 2013 at under $50.

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