Easebuzz Nets $30 Mn To Venture Into UPI

Pune-based B2B fintech startup Easebuzz has secured $30 Mn (around INR 257 Cr) in its Series A funding round led by Bessemer Venture Partners, along with participation from existing investors 8i Ventures and Varanium Capital.

The round was a mix of primary and secondary infusion. However, the startup did not disclose the names of the investors who made the exits in the round.

Easebuzz plans to deploy the fresh proceeds to boost its existing SaaS-based tech stack and merchant network, accelerate product development, and enhance its online payment aggregation capabilities, it said in a statement.

The startup also aims to enter the offline point-of-sale payment solutions offering and QR-based UPI payments, including a soundbox.

“This impetus will help accelerate our mission to build an ecosystem of technology products that enable rapid digitisation of payments and financial operations for businesses across India,” Easebuzz founder and CEO Rohit Prasad said.

Founded in 2014 by Prasad and Vikram Kumar, Easebuzz helps businesses to digitise their payment collections processes. It caters to sectors like education, real estate, ecommerce, among others.

It also offers invoice management services and is a certified biller operating unit (BOU) on the Bharat Bill Payment System (BBPS).

The startup claims to serve about 2 Lakh businesses and had a gross transaction value of $30 Bn in the financial year ended March 31, 2025 (FY25).

The funding round comes a couple months after the startup received a final nod from the RBI . Now, it is mulling to apply for a cross-border payment aggregator license to serve international markets.

Easebuzz operates in the country’s rapidly growing fintech market, .

According to Tofler, the startup’s standalone revenue from operations in FY24 rose 23% to INR 289 Cr from INR 234 Cr in the previous fiscal year. However, net profit declined 59% to INR 38 Lakh in the period under review from INR 94 Lakh in FY23.

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