Razorpay to double headcount

Payments technology company Razorpay is aiming at doubling their headcount at offices across India in the next 12 months. The company has launched an outdoor hiring campaign which aims at hires, spread across roles of product designers, back-end and front-end developers, mobile developers and engineering managers, in addition to strengthening its business team.

Themed around ‘Un-Cramp’-ing careers, the hiring campaign is targeted at the best tech minds across India. The company aims at leveraging this campaign to register a 100% increase in their headcount.

Anuradha Bharat, Head- People Operations, Razorpay said, “We are building our league of next-gen tech payment solutions to help simplify payments for businesses and aim to scale these solutions to new sectors and industries across the country. To support this ambitious growth, we have been making quality addition to our workforce and now aim to double the employee count to 300 by next year."

She added, “We are seeing an emergence of skills revolution in the FinTech space, this rapid technological disruption means that new skills will emerge as fast as others become old-fashion. In this environment, Razorpay aims to help people up-skill, get ahead and develop successful careers.”

The hiring outlook for the Indian FinTech market is extremely positive, riding on the back of an expected CAGR of 22% for the next five years.

The company had recently raised Series B funding round of $20 million, led by Tiger Global and Y Combinator along with participation from Matrix Partners. The company will use the funds for its next phase of growth by scaling products launched as part of Razorpay 2.0 and expansion of team to meet market demands.

Razorpay has clocked in a healthy growth rate of 35-40% month-on-month and aims at impacting lives of 500 million end consumers by 2020. Razorpay expects more than 12x growth in volume and revenue by next fiscal year and predicts the Razorpay 2.0 product suite to contribute 30% of its revenue.