The company which currently has 1,300 employees hired over 550 people last year and witnessed a three times business growth in the pandemic-hit year.
Razorpay, the fintech unicorn, will hire 650 employees for its technology, product and business teams by December 2021. The Company is witnessing huge demand, with the number of freelancers, as well as small and medium enterprises growing across the country. It experienced three-times growth over the last year.
While the Company will take on both freshers as well as lateral hires, 350 of the new hires will be allocated to the engineering and product teams, while the remaining will be part of the sales, marketing and customer-care teams.
The present 1,300-strong workforce has about 550 employees who were hired in 2020.
It now plans to focus on investing more in developing products, customer experience and enhancing its product offerings to keep up with the changing banking and payment demands of SMEs and MSMEs.
Razorpay was able to obtain funding to the tune of $100 million in a Series D round in October, 2020. This got it a place in the list of Indian unicorns with valuation crossing $1 billion, alongside Paytm, Zomato, Swiggy and Byju’s. The Company is already aiming to expand its client base to 10 million businesses by 2022. Big names, such as Zomato, Swiggy, BookMyShow, Airtel, Facebook, Ola, CRED and ICICI Prudential are already part of its client base.