Easebuzz has raised $30 million in its Series A funding round led by Bessemer Venture Partners, with participation from existing investors 8i Ventures and Varanium Capital, a statement from the company notified.
The secured funds will be used to deepen Easebuzz’s vertical SaaS offerings, enhance its online payment aggregation capabilities, and enter the offline payments space. The company plans to launch Point-of-Sale (POS) devices and United Payments Interface (UPI) QR-based Soundbox solutions to cater to a broader merchant base. These initiatives aim to strengthen Easebuzz’s position as a comprehensive digital payments infrastructure provider for Indian businesses.
Rohit Prasad, Founder and CEO, Easebuzz, said, “In our journey to become the verticalised operating system for India’s digital economy, we are delighted to welcome Bessemer Venture Partners along with continued support from 8i Ventures and Varanium Capital. 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.”
The company has received final authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator. Additionally, the company is applying for a cross-border payment aggregator licence to tap into international markets, further expanding its reach.
Vishal Gupta, Partner, Bessemer Venture Partners, highlighted Easebuzz’s ability to innovate rapidly while maintaining profitability.
He said, “Easebuzz has built a category-defining platform at the intersection of payments and vertical SaaS. We look forward to supporting their journey in driving digital transformation for Indian businesses.”
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