Easebuzz, a digital payments platform based in Pune, has successfully raised ₹240 crore (about $30 million) in a Series A funding round. This funding
Easebuzz, a digital payments platform based in Pune, has successfully raised ₹240 crore (about $30 million) in a Series A funding round. This funding was led by Bessemer Venture Partners, a global venture capital firm, with additional support from existing investors 8i Ventures and Varanium Capital. The raised funds will help Easebuzz expand and improve its services to meet the growing demand for digital payment solutions in India and other regions.
These upgrades will improve the company’s digital payment services, making them more efficient and reliable. The company is also focused on developing offline solutions, like point-of-sale (POS) devices and UPI Soundbox technology, to help businesses that may not have reliable internet access. This will make digital payments more accessible, especially in smaller cities across India.
In addition to strengthening its operations in India, Easebuzz is looking to expand internationally. The company plans to apply for a cross-border payment aggregator license, which will allow it to grow its business in Southeast Asia and the Middle East. These regions represent important growth opportunities for digital payment solutions, and Easebuzz is eager to tap into those markets.
Rohit Prasad, Managing Director of Easebuzz, has stated that the company plans to go public with an initial public offering (IPO) within the next two to three years. This move would allow Easebuzz to raise additional capital and expand its operations even further. The IPO is an important step in the company’s growth and will help increase its visibility on the global stage.
Overall, this funding and the company’s strategic plans to improve its technology, expand internationally, and go public will help Easebuzz maintain its position as a leader in the digital payments industry. With the support of investors like Bessemer Venture Partners, the company is well-positioned for growth and innovation in the years to come.
Image Credit : Easebuzz
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