Easebuzz Secures Rs 240 Crore Funding for Expansion
Easebuzz, a prominent player in digital payments, has successfully raised Rs 240 crore (approximately $30 million) in a funding round primarily led by Bessemer Venture Partners. This funding round comprises Rs 200 crore in primary capital alongside Rs 40 crore in secondary capital.
This marks Easebuzz’s first significant fundraising effort since 2021, when the firm secured $4 million from 8i Ventures and Varanium Capital.
The company has indicated that the funds will be utilised to enhance its branding, recruit senior talent, and broaden its operational scope within crucial sectors such as banking, government payments, real estate, and education, as stated in an official press release.
Easebuzz’s Operational Capabilities
Easebuzz offers a range of software tools designed to facilitate client onboarding and presently supports 10,800 educational institutions. Operating from Pune, the company handles an impressive $3 billion in monthly transactions, with plans to double this figure by the end of the year.
Future Growth Plans
Furthermore, Easebuzz aims to develop its offline payment services, which currently contribute only 10% of its revenue. The company also plans to explore expansion opportunities in Southeast Asia and the Middle East.
Plans for Initial Public Offering
Managing Director Rohit Prasad has indicated that an IPO is on the horizon within the next 2 to 3 years. He stated that the company is already profitable, hence they preferred not to dilute much of their equity but were keen on having a global fund associated with them.
Financial Performance
For the fiscal year 2025, Easebuzz reported a net profit of Rs 22 crore along with a gross revenue of Rs 650 crore. A significant portion of this revenue is allocated to settling payments with banking entities. Earlier this year, Easebuzz obtained final clearance from the Reserve Bank of India (RBI) to operate as an online payment aggregator and is currently in the process of applying for a cross-border payment aggregator license to facilitate services in international markets.