Shashank Kumar joined IIT Roorkee in 2008 to study computer science. Harshil Mathur was a classmate there, and the two later started Razorpay together.
Razorpay was incorporated on 24 May 2013, and the product launched in October 2014. Kumar led the technology as chief technology officer.
In 2022 Razorpay changed its leadership structure. Kumar became managing director and Murali Brahmadesam, a former AWS executive, became CTO.
Razorpay reached a peak valuation of about US$7.5 billion in 2021. Fortune India named Kumar and Mathur to its 40 Under 40 list in 2019.