Easebuzz in Talks to Raise Around $30 Mn at Over $250 Mn Valuation
PUNE – Full-stack payments solutions provider Easebuzz is in advanced discussions to raise approximately $30 million in a new funding round, according to sources familiar with the development. The round is expected to value the Pune-based fintech company at a post-money valuation of over $250 million.
The discussions come just months after the company successfully closed its $30 million Series A round in April 2024, which was led by Bessemer Venture Partners.
Key Highlights of the Potential Round:
Funding Amount: ~$30 Million.
Valuation: In excess of $250 Million (Post-money).
Participants: The round is likely to see participation from existing backer Bessemer Venture Partners, alongside interest from several new global investment funds.
Strategic Goal: The capital is intended to accelerate the company’s product expansion and scale its operations across SMBs and mid-market enterprises.
Business Performance and Regulatory Success
The potential fundraise follows a period of significant growth and regulatory milestones for Easebuzz. Last month, the Reserve Bank of India (RBI) granted the company final authorization to offer online, offline, and cross-border payment solutions. This regulatory clarity has positioned Easebuzz to expand beyond its traditional online gateway services into a more comprehensive payment ecosystem.
Financially, the company has demonstrated robust momentum:
Revenue Growth: Operating revenue reportedly increased 2.3X in FY25, surpassing ₹600 crore.
Profitability: The company maintained its profitable streak, posting a Profit After Tax (PAT) of ₹19 crore for FY25, a massive jump from the previous fiscal year.
Transaction Volume: Easebuzz currently processes over 3 million transactions daily, with an annualized Gross Transaction Value (GTV) exceeding $50 billion.
Future Outlook
Launched in 2016 by Rohit Prasad and Amit Kumar, Easebuzz serves more than 2.5 lakh merchants. It differentiates itself by offering sector-specific "vertical SaaS" stacks—tailored payment and reconciliation solutions for industries like education, real estate, and travel.
During its previous funding round, the company indicated it was exploring an Initial Public Offering (IPO) within the next 2 to 3 years. Analysts suggest that this upcoming $30 million infusion will serve as a bridge to further solidify its market position before hitting the public markets.