Razorpay, the Bengaluru-based fintech unicorn, has unveiled its Venture Investment Programme, targeting early-stage startups focused on business-to-business (B2B) solutions. With plans to back 10-15 startups annually, Razorpay aims to invest up to $1 million per startup, supporting at least 50 companies through this initiative.

The program will focus on fintech, travel, healthcare, hospitality, retail, and e-commerce sectors. Harshil Mathur, CEO of Razorpay, highlighted the company’s commitment to fostering India’s B2B ecosystem.

“We aim to empower startups that can enhance business operations for our clients while contributing to the growth of India’s B2B landscape,” Mathur said.

The Reserve Bank of India-licensed payment aggregator predicts the rise of 10-15 new B2B unicorns in the next five years. Partnering with Peak XV Partners and Lightspeed, Razorpay will lead early-stage investments while its partners may participate in subsequent funding rounds.

Mathur emphasized that the program goes beyond funding, offering mentorship, guidance, and discounted access to Razorpay’s suite of products. The initiative is led by Vishnu Acharya, Razorpay’s Head of Corporate Development and Strategy, with support from the leadership team.

The company has started evaluating startups and expects to finalize its first investments in the coming months. By joining the ranks of firms like Zerodha and InfoEdge, Razorpay aims to significantly impact India’s B2B startup ecosystem.

This program not only reinforces Razorpay’s position as a fintech leader but also strengthens its role in nurturing innovative businesses.