Razorpay ropes in former RBI deputy governor as chairperson of its advisory board
By MYBRANDBOOK
Razorpay has set up an advisory board that will focus on setting up standards around customer experience, governance, compliance, and risk management practices. The advisory board has roped in NS Vishwanathan, former deputy governor of Reserve Bank of India, as the chairperson while also having industry veterans and IAS officers including Arijit Basu, Chairman, HDB Financial Services & former MD of State Bank of India, retired IAS Officer Aruna Sundararajan and another retired IAS officer and former secretary of Ministry of Skill Development and Entrepreneurship KP Krishnan, as its members.
All the members of the advisory board will periodically convene to review, analyse and provide recommendations and directions on both strategic and tactical levels, the company said in a media statement. The advisory board will assist Razorpay in developing long-term strategies, anticipating challenges and suggesting mitigation measures, the statement said.
"In our next phase of growth as India’s leading end-to-end money movement platform for businesses, we have a strong intent to put in place further systems to uphold the highest standards of customer experience and governance," said Harshil Mathur, CEO and Co-Founder of Razorpay.
Founded in 2013 by alumnis of IIT Roorkee, Shashank Kumar and Harshil Mathur, Razorpay is the second Indian company to be a part of Silicon Valley’s largest tech accelerator, Y Combinator.
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 have invested a total of $741.5 Mn through Series A to F in funding.
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