Prime Highlights:
- Razorpay co-founders 34-year-olds Shashank Kumar and Harshil Mathur have been ranked the youngest billionaires in India in the recently published Hurun Global Rich List 2025 after their net worth stood at ₹8,643 crore each.
- From IIT Roorkee graduates to fintech pioneers, their journey signifies the explosive growth of the startup ecosystem in India.
Key Facts:
- Mathur and Kumar established Razorpay in 2014, setting out to simplify digital payments in India.
- As of December 2021, it had completed Series F funding of $375 million, valuing the company at $7.5 billion.
Key Background:
Shashank Kumar and Harshil Mathur met each other and became friends while pursuing their entrepreneurial dream at the Indian Institute of Technology (IIT) Roorkee, where they lived in the same hostel and they had the same passion for innovation and technology. After graduating, Kumar worked as a software development engineer at Microsoft, and Mathur was a wireline field engineer for Schlumberger. His personal experience with the complexity of online payment in India was what inspired him and his co-founder to start Razorpay in 2014 with a goal of making digital payments seamless for both consumers and businesses.
Razorpay back then was India’s fintech disruptor. User-friendliness on its platform made its side the sizzling one, and a $375 million Series F funding round in late 2021 valued it at $7.5 billion. It is certainly a sign of a vote of confidence in the company’s vision and long-term horizon that some of the most respected investors in the community like Sequoia Capital, Ribbit Capital, Tiger Global Management, Matrix Partners India and Y Combinator have made their move to invest in the company.
Kumar and Mathur’s listing in the Hurun Global Rich List 2025 as two of India’s youngest billionaires is a testament to India’s thriving startup economy and the growing prominence of young business leaders. India billionaires, roll call adds up to 284 in irrepressible economic explosion Wealth creation is also a part of larger India wealth creation phenomenon. Interestingly, holding a net worth of ₹3.5 lakh crore, Roshni Nadar, Shiv Nadar’s daughter and HCL Technologies director was the first-ever women on the third spot of India’s list of the richest. Mukesh Ambani lost crores, narrowly missing out on the top 10 richest.