News Update

Razorpay co-founder Shashank Kumar takes over as MD and former Amazon executive Murali B as new CTO

• ByStartupStory     |    June 29, 2022

On Thursday, Razorpay co-founder Shashank Kumar moved from his position as the company’s Chief Technology Officer (CTO) to that of Managing Director (MD). Murali Brahmadesam, a former executive at Amazon Web Service (AWS), has been named the fintech unicorn’s new Head of Technical and CTO, and will be responsible for Razorpay’s overall engineering strategy and development.

The startup is “making strides into global markets” at the time of the senior leadership shift, and it is aiming to improve its tech capabilities to create products of the highest calibre. With over 20 years of experience, Murali has worked mostly for Amazon and Microsoft, both in India and the US, where he has held a variety of technological and leadership positions.

Since Razorpay’s beginning, engineering has served as the cornerstone of its expansion. We continuously work to find solutions to some of the most complex challenges that businesses confront today with an 800-member technical team, according to the co-founder. “Murali has in-depth expertise in scalability management of technology functions. At a time when Razorpay is expanding into international markets and further refining its expertise in all things business payments and business banking, I am thrilled to have him on board,” he continued.

Shashank will continue to contribute to Razorpay’s long-term goals for Engineering, Product, and the Go-To-Market (GTM) activities for the companies of RazorpayX and Razorpay Capital.

IIT Roorkee graduates Harshil Mathur and Shashank Kumar founded Razorpay in 2014 to offer digital payment solutions to more than 8 million businesses. In December 2021, it raised $375 million with a valuation of $7.5 billion, making it India’s most valuable fintech. About $741.5 million has been invested in the business to date by investors such as Lone Pine Capital, Alkeon Capital, TCV, GIC, Tiger Global, Sequoia Capital India, Ribbit Capital, Matrix Partners, Salesforce Ventures, Y Combinator, and MasterCard.

“Razorpay has been at the forefront of developing ground-breaking products in banking and business payment that are trusted by millions of different enterprises. I’m excited to work with the team and support Razorpay’s aim to establish the backbone of Indian fintech,” said Brahmadesam.

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