New Delhi, April 7 -- Venture capital firm Bessemer Venture Partners, which has invested in entities like Perfios Software Solutions, has pumped money into another company in the financial technology segment.
The VC firm has added payments platform Easebuzz to its list of portfolio companies. Pune-based Easebuzz has raised $30 million (Rs 257 crore) in a Series A funding round via a mix of primary and secondary transactions.
The company said it raised funding at a post-money valuation of $200 million. It said that the secondary round was worth $4-5 million but didn't disclose the sellers' identity.
Apart from Bessemer, the company's existing investors 8i Ventures and Varanium Capital also took part in the funding round. Both 8i Ventures, and Varanium Capital entered the company's cap table in 2021 when it raised $4 million in a seed round. Venture capital firm Guild Capital Management, Pine Labs CEO Amrish Rau, and Jupiter founder Jitendra Gupta had also invested in Easebuzz previously.
Dexter Capital acted as an advisor to Easebuzz for the Series A round.
Financials, strategy
Founded in 2014, Easebuzz is a full-stack payment solutions platform that helps companies manage end-to-end financial operations around digital payment collections, payment disbursals, connected banking, split payments, automated reconciliation, vendor payments.
The company says it caters to over 2 lakh businesses across industries like education, real estate, e-commerce, banking and financial services, government, and travel. Its clients include Zepto, BigBasket, Bajaj FinServ, IRCTC, Star Health Insurance, Symbiosis University, and DLF.
"When we started, we had a very clear vision that we will basically drive collection efficiency for small businesses. The reason was that most of these small businesses do have access to developers (application programming interface software)," Easebuzz founder and CEO Rohit Prasad said, adding that the company has been catering to larger entities as well of late.
While Easebuzz does not charge clients for its software, it takes a cut of the gross merchandise value (GMV). The GMV is the total monetary value of all the goods and services sold on a platform or a marketplace over a specific period.
Easebuzz has been profitable for the last seven years and has posted net profit of around Rs 20 crore in the financial year ended March 2025, significantly higher than the Rs 38 lakh in FY24.
The sharp growth in bottomline was aided by growth in the company's revenue. The company's topline rose 124% to Rs 650 crore in FY25.
"In the last two years, we brought down the cost, worked on efficiency, and got enterprise merchants too. So, there was a carry forward effect that played a very big role, especially in segments like education.'" Prasad said, adding the company has simultaneously been able to keep expenses under control.
Going ahead, the company is targeting revenue of Rs 1,200 crore and a net profit of Rs 50 crore in FY26.
Earlier this year, the company received the Reserve Bank of India's approval to operate as an online payment aggregator. This will help the company ramp up operations, and foray into new segments like healthcare and manufacturing. The company will also apply to the RBI for a crossborder payments licence later this month.
Broadly, Easebuzz will use the latest equity funding to scale operations and make hires at leadership roles. For instance, the company is hiring for chief operations officer, chief strategy officer, and chief compliance officer. While the company is yet to identify candidates for these roles, it expects to complete the process by June.
Apart from this, the company is also doing mid-level hiring in technology. Overall, the total employee count may increase to around 500 by the end of FY26 from 325 currently.
Broadly, Easebuzz intends to go public by FY29. However, it does not see any immediate need for additional capital.
Published by HT Digital Content Services with permission from VC Circle.