It's no secret that India's startup ecosystem is one of the most exciting in the world, with entrepreneurs growing faster than ever. Shashank Kumar and Harshil Mathur, co-founders of Razorpay, are India's youngest billionaires.
With a combined net worth of Rs 8,643 crore, they have joined the elite group at the age of 34, according to the Hurun Global Rich List 2025.
Their rise to billionaire status also demonstrates the expansion of the fintech sector and the growing influence of domestic startups in the global economy.
Both Mathur and Kumar shared a passion for technology and problem-solving when they first met at IIT Roorkee.When they established Razorpay in 2014 to streamline digital payments in India, they started their foray into the fintech space.
Prior to becoming entrepreneurs, both worked in corporations. Kumar worked as a software development engineer at Microsoft, and Mathur was a wireline field engineer at Schlumberger. Their encounters with the challenges of online payments in India inspired them to establish Razorpay. Mathur stated on his LinkedIn profile, "We started Razorpay after discovering the dismal state of online payments in India."
India's Billionaire Cities
India's total billionaire wealth now stands at Rs 98 lakh crore, nearly one-third of the country's GDP — surpassing even Saudi Arabia's entire economy.
Mumbai still has the most billionaires in India, with 90, but Shanghai has surpassed it as Asia's billionaire capital. Meanwhile, Bengaluru and Pune are emerging as new billionaire hotspots, with entrepreneurs such as Mathur and Kumar leading the charge.
