PitchCraft
Season
2
/
Episode
2
Breaking Down Razorpay’s Original Pitch With Harshil Mathur
In this episode of PitchCraft Season 2, Chandra Srikanth sits down with Harshil Mathur, Co-founder and CEO of Razorpay, and Vikram Vaidyanathan of Z47 to unpack the pitch deck that launched one of India’s most iconic fintech companies.
Harshil looks back on Razorpay’s early days in 2014, when he and Co-founder Shashank Kumar were just two engineers trying to accept payments for a side project, only to realise how broken and outdated India’s digital payment infrastructure really was. Their first deck didn’t have polish or even a founder slide. But it had something better: clarity of problem, product conviction, and deep insight into why existing gateways weren’t working.
Vikram shares why he invested in Razorpay when many others passed on the opportunity, thinking the space was crowded. What stood out wasn’t just the market; it was the mindset. Harshil and Shashank approached payments as a product and tech problem, not a financial one. That product-first thinking, combined with early proof of execution, became Razorpay’s differentiator.
Together, they deconstruct how the original pitch came together, what mattered more than the slides, and how Razorpay’s core values—customer obsession, product depth, and technical rigor—have remained constant from their seed to scale.
We’re looking for the next generation of successful Indian marketplaces. If you’re an early-stage marketplace founder, apply now here or learn more about the #DecodingMarketplaces Startup Hunt.
We’d love to hear about your experiences with marketplaces. Let us share our learnings and build a better and stronger ecosystem. Write to us at [email protected] to be a part of the Accel family.
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We’re building Passionfroot 1, an operating system for creators to manage their business.
We’re based in Europe and raised our $ 3.4m pre-seed round from Creandum and US angels such as Vlad (Webflow) and creators like Ali Abdaal.As we’re creating a new category and as the creator economy is global and mostly online, we’re building from Day 1 a global company and product that helps creators monetize around the world.
This brings a lot of complexities especially in terms of payments and taxes as our early users are based both in Europe and the US and deal with cross-border transactions.What are Do’s and Dont’s for European startups who have a global ambition and build products for a global customer base from Day 1. Anything you would do differently?
Thanks @pjbouten! Love how you’ve thought about incrementally shaping a category with a focus on product and service, and only then thinking about getting the message out there vs the other way around.
And totally agree on the distinctions and overlaps both self-serve and enterprise motions share.
Thanks, PJ, for taking the time to address questions from the great vantage of shaping Showpad into a global, enterprise SaaS brand!