According to reports, full-stack payments solutions vendor Easebuzz is in advanced talks to secure $30 million in a fresh fundraising round. Only a few months have passed since the company closed its $30 million Series A investment in April. Both new and existing investors, including Bessemer Venture Partners, are anticipated to participate in the round.
Key Highlights
- Easebuzz is in advanced talks to raise $30 million at a valuation exceeding $250 million.
- Proposed funding round reflects strong investor confidence in Easebuzz’s fintech growth and payment solutions.
The valuation being discussed is close to $250 million post-money. The amount of cash was corroborated by a second source, who also mentioned that throughout the previous quarter, the company had discussions with several international funds.
The Pune-based company's possible fundraising comes after a number of recent business and regulatory events.
Easebuzz expanded its product offerings this month when the Reserve Bank of India permitted it to provide online, offline, and cross-border payment options. With a 2.3X rise in operational revenue in FY25 and a profit after tax of Rs 19 crore, the company has also demonstrated robust financial growth.
Easebuzz stated that it was considering an IPO within the next two to three years during the most recent investment led by Bessemer. According to reports, these plans will probably be accelerated by the impending fundraising.
Since its launch in 2016, Easebuzz has processed over 3 million transactions daily and serves over 2.5 lakh businesses. It has a Gross Transaction Value (GTV) of about $50 billion annually.
Easebuzz wants to grow quickly across SMBs and mid-market businesses through product expansion and regulatory clarity. Where traditional gateways have limitations, the business sees opportunities in sector-specific payments and reconciliation stacks.
Also Read: Easebuzz Gets RBI Nod for Online, Offline and Cross-Border Payments
To date, Easebuzz has raised $34 million. With a 10.88% stake, 8i Ventures is the biggest external shareholder, followed by Varanium Capital and Bessemer Venture Partners with 8.48% and 8.47%, respectively, according to TheKredible.
This would be one of the biggest growth-stage increases in India's payments infrastructure sector in recent months if the acquisition closes. Among its rivals are Razorpay, Cashfree, PayU, Pine Labs, and CC Avenue.
