This is an update regarding what we've been up to at Razorpay. This tiny newsletter will talk about the various changes in our API, Dashboard and operations in general. Thanks for signing up with Razorpay, and as always, you can reach out to us at contact@razorpay.com for any queries (or just reply to this email).

Pricing Header

Pricing Update

We are dropping our 2.5% pricing plan. If you were on the 2.5% plan, we have automatically migrated you to the 2% plan. We have also dropped the annual charges associated with the 2% plan, the only plan we offer now. If you were already on the 2% plan, your setup fees will be automatically refunded to your account.

We have changed our service tax rates to 14.5% in compliance with recent notice from the Government on the Swachh Bharat cess.

Features Header

Feature Updates

Android Header

Android SDK

We have released v0.9.1 of our Android SDK. It includes some of our flagship features which were previously in beta:

Automatic OTP Reading. Detailed error logging with significantly reduced issues Simpler integration process

If you are using an older version of our SDK, it is highly recommended to upgrade to the latest. The documentation is available at docs.razorpay.com

We have also released a sample android app in the Play Store, and the source code for it is open source on GitHub.

Funding Header

Funding

We announced our funding round recently. We are delighted to announce that we have closed our Series A and Seed round with a cumulative total of $11.5 million. Our Series A was led by Tiger Global with participation from Matrix Partners. You can find more details at our blog post.

In news, we were covered by Tech in Asia, YourStory and were on the Product Hunt home page as well.

Events

We are sponsoring the Techcircle Startup Conference at Mumbai. Dates are 16-17th December. Alongside, a few of us will be present at DroidCon Bangalore.

Team Razorpay