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Acquisition

Razorpay acquires point-of-sale firm Ezetap

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Razorpay logo
Date
Company
Razorpay
What it does
Moves into offline payments
Kind
Acquisition
Based in
Bengaluru
Founded
2014

What they do

Razorpay bought a stake of more than 80 percent in Bengaluru-based Ezetap in August 2022, per regulatory filings

What happened

The deal mixed new shares and purchases from existing holders, and gave Razorpay a way into in-store card payments

Why it matters

It was Razorpay's third acquisition of 2022, after Curlec and iZealiant

The details

  • Razorpay took over 80%+ of Ezetap in August 2022.
  • Ezetap makes point-of-sale payment devices.
  • The deal was part primary, part secondary.

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