Razorpay acquired majority stake in Ezetap Mobile Solutions in a mix of primary and secondary transactions.
The fintech startup processed card payments on mobile phones for large enterprises and businesses. Over 300 large and small businesses, including Amazon, Bharti Airtel, Reliance, Indian Oil, Bigbasket, and Urban Ladder, were served by the company. Byas Nambisan, CEO of Ezetap, stated that his company is in discussions with a number of investors, including global and local strategics, as well as renowned venture capital firms, to raise $60 million (Rs 447 crore). He went on to say that Unitus Capital had been hired to scout potential suitors, but he refused to reveal who they were.
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Razorpay acquired majority stake in Ezetap Mobile Solutions in a mix of primary and secondary transactions.
The fintech startup processed card payments on mobile phones for large enterprises and businesses. Over 300 large and small businesses, including Amazon, Bharti Airtel, Reliance, Indian Oil, Bigbasket, and Urban Ladder, were served by the company. Byas Nambisan, CEO of Ezetap, stated that his company is in discussions with a number of investors, including global and local strategics, as well as renowned venture capital firms, to raise $60 million (Rs 447 crore). He went on to say that Unitus Capital had been hired to scout potential suitors, but he refused to reveal who they were.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
