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# Indian fintech Razorpay acquires Ezetap in $150 million deal
- URL: https://www.techloy.com/indian-fintech-razorpay-acquires-ezetap-in-150-million-deal/
- Published: 2022-08-18T16:31:32.000Z
- Updated: 2022-12-07T21:00:47.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Razorpay

[Razorpay,](https://razorpay.com/) an India-based unicorn fintech has acquired [Ezetap,](https://corp.ezetap.com/about-us) an offline-focused payment solution platform in a $150 million worth deal, to foray into the offline payment space.

- As part of the deal, $100 million will be paid out in cash to Ezetap's stakeholders, familiar sources claim.
- Chamath Palihapitiyal-led Social Capital and Prime Venture Partners, investors in Ezetap will also get shares in Razorpay as part of the deal.
- Razorpay will deploy $50 million to grow its business in the offline payment space, following this acquisition.
- It will also integrate its online payment solution with the offline payment solution as a one-stack technology solution in the payment space.
- Founded in 2011, Ezetap offers POS terminals and solutions to offline merchants and payment platforms to provide loyalty and reward benefits to their customers.