Easebuzz raised $4 mn in Series A round from 8i Ventures, Varanium Capital, and Guild Capital

Easebuzz, a B2B-focused, API-driven full-stack payments solution provider, has raised $4 mn in a Series A round led by 8i Ventures, Varanium Capital, and Guild Capital. Former Citrus Pay founders Amrish Rau and Jitendra Gupta also participated as angel investors in this round.

The startup plans to use this fresh round of funding to strengthen the product team, enhance sales and marketing efforts, and offer more payment APIs and solutions for small and mid-size enterprises.

Easebuzz claimed that it had achieved 12X growth, both in revenues and gross transaction value, and currently processes nearly $3 bn of transactions a year. The company expects to hit a $10 bn annual run rate in the coming year.

“India’s $800 billion retail economy is going hyper-digital and Easebuzz is the best-positioned payments player to take advantage of this massive market opportunity,” said Vikram Chachra, Founding Partner, 8i Ventures.

7 views0 comments