Harshil Mathur and Shashank Kumar, 33-year-old co-founders of Razorpay, have been recognized as the youngest Indian billionaires on the Hurun Rich List 2024. The Y Combinator alumni boast an estimated net worth of ₹8,700 crores, or roughly USD 1.03 billion.
Harshil Mathur and Shashank Kumar, at 33, have become the youngest billionaires in India. Meanwhile, Zepto co-founders Kaivalya Vohra and Aadit Palicha, aged 21 and 22, respectively, lead the list of youngest entrepreneurs in the country. Kaivalya Vohra’s net worth is estimated at ₹3,600 crore (USD 429 million), while Aadit Palicha’s is ₹4,300 crore (USD 512 million).
Harshil Mathur and Shashank Kumar embarked on their journey to create Razorpay in 2014, motivated by the “dismal state of the online payments industry in India,” as noted on the Y Combinator website. Both are IIT Roorkee graduates. Razorpay, a financial solutions company, is dedicated to simplifying digital payments for Indian businesses. Over the years, the company’s valuation has soared from $1 billion to $7.5 billion.
On his LinkedIn profile, Harshil Mathur shares, “After discovering the dismal state of online payments in India, I decided to leave my full-time job as a Wireline Field Engineer at Schlumberger and start Razorpay with my friend and partner in crime, Shashank Kumar. As the CEO and co-founder of Razorpay, our mission is to simplify payments.”
Shashank Kumar, the co-founder and Managing Director of Razorpay, holds a degree in Computer Science from IIT Roorkee.
Reflecting on their friendship and business journey, Mathur said, “I met Shashank during our time at IIT Roorkee, where our collaboration began. We worked on numerous projects together, driven by our shared passion for coding. In fact, many of the codes we wrote during our college days continue to form the backbone of Razorpay’s operations today.
