Payment gateway Razorpay posts profit as sales rise 10-fold
Jaipur-registered online payment gateway startup Razorpay reported a profit of ₹28.7 lakh for the year ended March 2016, up from a loss of ₹4.1 lakh a year ago. The company's net sales stood at ₹79 lakh, almost ten times more than the previous fiscal. Razorpay has raised over ₹73.6 crore from founders of FreeCharge and Snapdeal among other investors.