Razorpay Ventures
Razorpay Ventures took part in 2 disclosed rounds in Indian startups in 2026 (0 as lead), most often Seed rounds in Enterprise Software & IT; its latest was Spense on 1 July 2026.
About Razorpay Ventures
Razorpay Ventures has backed Indian startups that StopDown covered, listed below.
Deals in 2026
| Date | Company | Round | Amount | Role | Co-investors | Story |
|---|---|---|---|---|---|---|
| 1 July 2026 | SPSpense | seed | $2.8M | Participant | Arkam Ventures, Atrium Ventures, GrowthCap Ventures | Story |
| 7 January 2026 | NCNitro Commerce | Series A | $5 million | Participant | Cornerstone Ventures, India Accelerator & Finvolve, Equentis Wealth Advisory Services, Grand Anicut Angel Fund, Rukum Sitara Fund, Ankurit Capital | Story |
Stage and sector mix
Disclosed rounds Razorpay Ventures took part in, by stage and by sector.
| Stage | 2026 | 2025 |
|---|---|---|
| Seed | 1 | 0 |
| Series A | 1 | 0 |
| Sector | 2026 | 2025 |
|---|---|---|
| Enterprise Software & IT | 1 | 0 |
| Financial Services | 1 | 0 |
Frequent co-investors
| Investor | Rounds together |
|---|---|
| Ankurit Capital | 1 |
| Arkam Ventures | 1 |
| Atrium Ventures | 1 |
| Cornerstone Ventures | 1 |
| Equentis Wealth Advisory Services | 1 |
| Grand Anicut Angel Fund | 1 |
| GrowthCap Ventures | 1 |
| India Accelerator & Finvolve | 1 |
Exits and IPOs in the portfolio
| Company | Event | Latest story | Date |
|---|---|---|---|
| NCNitro Commerce | Acquisition / merger | Nitro Commerce acquires AI copilot Zodiac Labs | 28 April 2026 |
Indian portfolio
- NCNitro CommerceEnterprise Software & IT · in at Series A · 2026
- SPSpenseFinancial Services · in at Seed · 2026
India-based companies only. Linked names have a StopDown page; the rest link up on their own as soon as we cover them.
Razorpay Ventures in the news
- SPSpense · Funding · 1 July 2026 · $2.8MSpense raises $2.8M seed funding to build asset-backed credit infrastructureSpense builds infrastructure for banks to offer secured credit products like credit cards and lines, using customer assets such as fixed deposits and mutual…
- NCNitro Commerce · Funding · 7 January 2026 · $5 millionNitro Commerce raises $5M Series A led by Cornerstone VenturesNitro Commerce builds an AI-led growth platform that helps direct-to-consumer brands manage customer identity and advertising across online and offline channels
Read next: companies in the portfolio
Questions about Razorpay Ventures
How many investments did Razorpay Ventures make in India in 2026?
StopDown has recorded 2 disclosed rounds in Indian startups with Razorpay Ventures in 2026 so far, 0 of them as lead. The latest was Spense on 1 July 2026 ($2.8M).
Which sectors does Razorpay Ventures invest in?
In the 2025 and 2026 rounds StopDown recorded, Razorpay Ventures invested most often in Enterprise Software & IT (1 round) and Financial Services (1 round).
Does Razorpay Ventures lead rounds?
In the 2 rounds StopDown recorded in 2025 and 2026, Razorpay Ventures joined as a participant; none named it as the lead.