Pune-based payments platform EaseBuzz raises $30 million in a Series A funding round

Payments platform Easebuzz has raised $30 million in a Series A funding round led by Bessemer Venture Partners.

The round, which is a mix of primary and secondary financing, also included existing investors 8i Ventures and Varanium Capital.

The startup plans to use the raised capital to expand its Vertical SaaS stack, enhance product capabilities in online payment aggregation and strengthen its merchant network and market penetration. It is also entering the offline payments space with point-of-sale (POS) and UPI QR-based Soundbox solutions.

What does EaseBuzz do?

Headquartered in Pune, Easebuzz offers sectoral SaaS embedded with payments infrastructure for industries like education, real estate, e-commerce, BFSI, government, travel etc. The startup claims to serve notable clients, including Zepto, BigBasket, Bajaj FinServ, IRCTC, Star Health Insurance, Symbiosis University, DLF and others.

It recently partnered with NPCI Bharat BillPay to launch an interoperable B2B payments platform. It is also recognized as a Biller Operating Unit (BoU) under BBPS for seamless biller onboarding and collections.

Obtaining approval for cross-border payment aggregator

Easebuzz has received final authorization from RBI to operate as an online payment aggregator and is in the process of applying for a cross-border payment aggregator license to serve international markets.

"In our journey to become the verticalized operating system for India’s digital economy, we are delighted to welcome Bessemer Venture Partners for our Series A funding round, along with continued support from our existing investors 8i Ventures and Varanium Capital. This impetus will help accelerate our mission to build an ecosystem of technology products that enable rapid digitization of payments and financial operations for businesses across India," said Rohit Prasad, Founder & CEO of Easebuzz.

Investors comment

Vishal Gupta, Partner at Bessemer Venture Partners said “Easebuzz has built a category-defining platform at the intersection of payments and vertical SaaS. They are a company that is growing rapidly, innovating with speed and doing so profitably from day-one. We look forward to supporting Rohit and the team in their journey to drive the digital transformation of Indian businesses”

“Their deep understanding of vertical use-cases across industries—whether it’s automating education fee collection or streamlining real estate payments—gives them a significant edge. added Vikram Chachra, Founding Partner at 8i Ventures. Easebuzz is scaling sustainably and we believe it is on track to become India’s dominant digital payments infrastructure player.”

“We have backed Rohit and Amit for their exceptional ability to build a business from 0 to 1 with frugality, regulatory discipline, and a clear path to profitability. Easebuzz’s journey has been remarkable—growing from $300 million in annual GTV to now processing more than $30 Bn in GTV. We are excited to deepen our commitment and support Easebuzz in its next phase of growth.” said Aparajit Bhandarkar, Partner at Varanium Capital Advisors.