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ETtech Morning Dispatch on Feb 25, 2021: Razorpay s big billion days
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Good morning,
The pandemic-induced lockdown has been a blessing in disguise for many sectors, but none has benefited quite as much as fintech. A case in point is digital payments startup
Razorpay, which became a unicorn less than five months ago, when it raised $100 million from a clutch of investors. Now, the company is in talks to raise another $150-200 million at double the valuation.
Elsewhere in today’s letter:
MphasisHere a billion, there a billion
The creator movement is entering prime time, and so is Circle with a fresh $4M
The creator movement has exploded in the last few years as platforms ranging from Substack to Clubhouse have made it easier than ever to reach an audience of willing readers and listeners. Yet the key to building sustainable creator businesses is the economics of these enterprises themselves. Get enough subscribers, and what often starts as a side hobby can quickly become a full-time job.
Circle was founded in January 2020 to make engaging with paying customers and thus building creator businesses as effortless as possible. We profiled the NYC-based startup last year when it announced its $1.5 million seed round in August, discussing how its founder DNA originates in the online course platform Teachable. Since then, all signs point to very strong early growth.