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Digital payment company Easebuzz has raised $30 million in a funding round led by Bessemer. The funds will be used for brand building and expanding talent as the company aims for an IPO.

Apr 07, 20254 months ago

Amount Raised

$30 Million

PuneFintechFinancial ServicesE Commerce

Investors

Varanium Capital8i VenturesBessemer Venture Partners

Description

Pune-based digital payments player Easebuzz has raised Rs 240 crore ($30 million) in a funding round led by Bessemer Venture Partners. Existing investors 8i Ventures and Varanium Capital also participated in the round. The funds will be invested in brand building and attracting senior talent. Easebuzz aims for an IPO in the next two to three years as it continues to expand its services in digital payments.

Company Information

Company

Easebuzz

Location

Pune, Maharashtra, India

About

Easebuzz is full-stack payment solutions platform serving more than 2,00,000 businesses in India. With a mission to become one-stop Financial Operating System for businesses, Easebuzz helps companies digitise payments & manage end-to-end financial operations around digital payment collections, payment disbursals, connected banking, split payments, automated reconciliation, vendor payments, sub-merchant management, refund management etc through plug-and-play API solutions. Besides serving SMEs and startups in India, the company also caters to mid and large corporate business from various sectors of the economy including education, retail, NBFCs, insurance, e-commerce, D2C, travel & tourism etc.

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Funding Insights

Based on industry data
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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
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