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        "full_name": "Douglas E. Rogers",
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    "long_description": "Priime's founding team of lifetime photographers are made up of Y Combinator alumni who are also seasoned developers and designers. Combining our passion in photography, with our experience and skills of product design and development, we are setting out to lead the world in improving the overall quality of shared photos.",
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        "full_name": "Arthur Chang",
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        "founder_bio": "Currently building Ravel (ravelmade.com)\n\nFormerly YC S10 founder (Fanvibe) and YC W15 founder (Priime)\n\nBackground: software engineering (web, mobile, web3, AI), filmmaker, photographer",
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        "full_name": "Loren Baxter",
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        "founder_bio": "Current: \nHead of Design at Remix (YC W15)\n\nFormer: \nCofounder Priime (YC W15)\nHead of Design at ReadyForZero (YC S10)",
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        "full_name": "Andrew Ng",
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        "full_name": "Joe Pestro",
        "title": "Founder",
        "founder_bio": "Founder at Priime (YC W15) & Fanvibe (YC S10)\n\nWant to chat about your product? Technical product management, scaling, uptime, team building, mentoring, information technology, strategy\n\nWant to chat about your tech stack? Full-stack web, JavaScript, TypeScript, Node.js, React, Ruby, Rails, iOS (Apple \"Best New App\"), macOS (Apple \"Editors Choice\"), Windows, Linux, Swift, Electron, Chrome extensions, MySQL, PostgreSQL, Redis, DevOps, Cloud, AWS, Azure, GCP, Python, PHP",
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    "id": 827,
    "name": "Razorpay",
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    "all_locations": "Bengaluru, KA, India",
    "long_description": "The journey of building Razorpay started in 2014, when Harshil Mathur (CEO & Co-Founder) and Shashank Kumar (MD & Co-Founder) witnessed the dismal state of the online payments industry in India then and understood that they have a larger and more important issue to solve. And That was democratizing online payments for Indian businesses, particularly the underserved market, Startups and SMEs. Over the last 9 years, Razorpay has evolved from a single-product company to a multi-product company, from an online payment gateway to India’s only full-stack financial solutions company, offering payments and banking solutions to businesses.  Razorpay today is transforming age-old complexities and changing every known paradigm of money movement for disruptive businesses.\r\n\r\nOver the last couple of years, Razorpay’s growth has evolved to be an index of India’s digital economy. From a kirana shop in Kashmir collecting payments on our POS device to a textile exporter in Kanyakumari accepting dollars through our International Payments product, Razorpay has revolutionised how businesses have traditionally transacted and interacted with money. \r\n\r\nRazorpay became the first and only Indian fintech to build a full-stack international Payment Gateway ‘Curlec by Razorpay’ and evolved into a comprehensive provider of payment solutions, leveraging the synergy between cutting-edge technological capabilities and a profound understanding of the local payment ecosystem. The introduction of the new Curlec Payment Gateway aims to cater to a wide spectrum of businesses, expanding its reach to over 5,000 establishments. \r\n\r\nBe it for international expansion or solving for Indian businesses, for Razorpay, the customer has always been at the core of all disruption, from addressing evolving needs to delivering new solutions. This hyperfocus helped bring Razorpay’s several industry-first innovations into the market since 2014. Razorpay became the first to launch a completely digital on-boarding process for startups, first to launch support for UPI, first to launch support for Bharath QR, first to introduce recurring payments for businesses through Razorpay Route, automating payment receipts and later automate payouts and making the entire process seamless and optimized and many more were introduced aling the way. Other firsts include: - First to launch India’s Multi-Network Tokenisation solution, TokenHQ - Razorpay became India’s first payment gateway to support credit cards on UPI - Razorpay also became India’s largest omnichannel payment gateway for businesses post acquiring Ezetap which is India’s leading offline POS company that was founded with the aim to simplify the in-person offline payments experience.\r\n\r\nOver the years, Razorpay’s valuation has jumped from $1 billion to $7.5 billion and has added a host of marquee investors to its captable. Razorpay is also the second Indian company to be a part of Silicon Valley’s largest tech accelerator, Y Combinator. Marquee 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, B, C, D, E and F funding. The last financing round of Series F led the company’s valuation to $7.5 Billion signaling one of the fastest increases in valuation for an Indian Unicorn. \r\n\r\nRazorpay has also made acquisitions with like-minded companies over the last 9 years. In total, till date, Razorpay has made eight acquisitions, Billme in 2023 - A Digital invoice and customer Engagement, Ezetap in 2022 - India’s leading offline POS company, PoshVine in 2022 - India’s leading loyalty and reward management platform, IZealiant in 2022 - A mobile-first, API-enabled, and cloud-ready payment solution and made its first international foray in South-East Asia by announcing its acquisition of Curlec in 2022 - A recurring payments platform. TeraFin Labs in 2021 - the AI-based SaaS platform that facilitates digital financing solutions, Opfin (Now RazorpayX Payroll) in 2019 -  The payroll management solution and Thirdwatch in 2019, the first acquisition - The AI-powered fraud detection platform.\r\n\r\nAll these efforts are being done in collaboration with banks, regulators, and stakeholders so that India can build a better place for small and big businesses. Today, Razorpay powers online payments for 76 Of 100 startup unicorns and millions of businesses in India. The core premise of what Razorpay was founded in 2014 and what it is today hasn’t changed. It is to make money movement simpler and easier, whether it is for businesses to receive money, send money, or manage money. \r\n\r\n",
    "one_liner": "India's only full-stack financial solutions company for businesses.",
    "team_size": 2700,
    "industry": "Fintech",
    "subindustry": "Fintech -> Payments",
    "launched_at": 1416309883,
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      "Banking as a Service",
      "Fintech",
      "Payments",
      "India"
    ],
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    "batch": "Winter 2015",
    "status": "Active",
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    ],
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      {
        "question": "How did your company get started? (i.e., How did the founders meet? How did you come up with the idea? How did you decide to be a founder?)",
        "answer": "(Attributed to Harshil Mathur, CEO & CoFounder of Razorpay)I met Shashank during our time at IIT Roorkee, and our collaboration began there. We worked on numerous projects together, fueled by our shared passion for coding. In fact, many of the codes we wrote during our college days are still the backbone of Razorpay's operations today. Our bond extended beyond academics; we were instrumental in founding SDS Labs, the software development section of our alma mater. After graduation, our paths diverged geographically, with Shashank moving to the USA to join Microsoft, while I ventured to the Middle East to work with Schlumberger. Despite the distance, our friendship remained strong, and we continued to collaborate on various side projects.One pivotal moment came in 2014 when we embarked on a crowdsourcing platform project to collect online donations for a cause. However, we encountered significant hurdles with existing payment gateway systems. This experience opened our eyes to the challenges faced by Indian businesses, particularly Startups and small businesses, in accepting payments online.Determined to address this gap, we decided to establish Razorpay, driven by a mission to democratize payments for startups and SMEs. Armed with research and fueled by our passion for solving real-world problems, we set out to create a platform that offers simple, affordable, and secure payment solutions.For us, perseverance has been a way of life. We are relentless in our pursuit of identifying and solving the financial challenges faced by small businesses. Whether it's rain or shine, we push through obstacles until we find viable solutions. This resilience has been the cornerstone of Razorpay's growth, propelling us from 10,000 partner businesses in 2017 to over 5 million today."
      },
      {
        "question": "How did you decide to apply to Y Combinator? What was your experience applying, going through the batch, and fundraising at demo day?",
        "answer": "(Attributed to Harshil Mathur, CEO & CoFounder of Razorpay)Long before we applied to YC, Shashank and I had been fans. Hacker News was our go-to source for information on building startups, and a few months after we started working on Razorpay, we saw an announcement on Hacker News about the YC application period opening up.At that point, Razorpay hadn't launched and we weren't remotely confident about getting in. The YC application process is pretty thorough; there are tough questions that force you to be crystal clear about who you are as a company. Things like how will you differentiate yourself from the competition; how will you acquire market share; how big is your market, and how big will you be in a few years from now? All of those are important questions to discuss internally, and so at a minimum, we thought applying would help us zero in on succinct, precise answers to give both of us clarity, even if we didn't get in.But thankfully our efforts paid off, and we did make the cut. When Shashank Kumar and I found out in late 2014 we'd been accepted into Y Combinator, we figured we'd need to split our time between running Razorpay in Bangalore and joining our fellow founders in Silicon Valley. It was only a few months after we had launched Razorpay and we were afraid of abandoning our customers, even for a bit, just as we were getting off the ground. Ignoring that temptation and spending the full three months of YC in Mountain View was one of the best decisions we ever made.It was a good call to stay in US and not fly back and forth to India, because if we had, we'd have missed out on the full benefit of YC — spending valuable time with the other founders in our batch, meeting successful alumni and building relationships throughout the YC community, and getting mentored by YC partners and other investors.Now, 9 years later, we couldn't be more proud to be [YC's first Indian unicorn](https://techcrunch.com/2020/10/11/razorpay-100-million-billion-valuation-unicorn/). I can honestly say that although we had to work harder during those three months than at any other time in my life, with countless 20-hour days attending YC sessions and dinners and then working late nights supporting our customers in India, I wouldn't change a thing. That's why the best advice I can give to any Indian founder considering YC is to go all in on it the same way we did. The priceless, irreplaceable learning happens when you least expect it — during a late-night drink with another founder in your batch, maybe, or in a spur-of-the-moment meeting with a YC partner. You can't say you'll do 60% or 80% of the YC program, because you can't know where 60% or 80% of YC's advantage is. So figure out how to get 100% of the benefit of it; it'll be hard, and exhausting, definitely, but you will never regret it."
      },
      {
        "question": "What is the core problem you are solving? Why is this a big problem? What made you decide to work on it?",
        "answer": "In 2014, after discovering the dismal state of online payments in India Harshil and Shashank founded Razorpay, **India’s first payment gateway built for Startups** a platform for a simple, affordable, and secure way for businesses to accept payments online. Progressing in the journey that started with payment acceptance, the company also witnessed a progressive acceptance and adoption of digital innovations. But what was surprising was while the big payment players in the market were catering to large businesses, smaller businesses needed immediate attention. In India, **MSMEs are the second largest employment-generating sector after agriculture and contribute around 31% to the nation’s GDP**. One of the major challenges for SMEs & Startups was the lack of technology infrastructure, especially for B2B payment technologies. There was a need for a comprehensive converged payment and banking solution that can help manage the entire money movement (from acceptance to disbursals) within an organisation. This particular thought gave birth to the launch of **Razorpay’s neo-banking platform, RazorpayX, and lending platform Razorpay Capital.** The company now offers a single platform for businesses to manage the entire money flow within an organization. Eight years to now, **Razorpay evolved from being a payment gateway to India’s first full-stack financial solutions company providing intelligent new-age payment and business banking solutions** to help Indian businesses address the entire length and breadth of their payment & banking journey. The company believes that for the next phase of growth in the fintech industry, payment players need to **evolve beyond offering solutions for payment acceptance to managing the entire money flow (from acceptance to disbursements and everything in between). Hence, it is of supreme importance to recognize a market (SMEs & Startups)**, identify challenges, and provide a holistic solution, at scale."
      },
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        "question": "What is your long-term vision? If you truly succeed, what will be different about the world?",
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        "url": "https://www.businessinsider.com/narvar-acquires-lumi-to-help-retailers-cut-shipping-packaging-costs-2021-12",
        "date": "Dec 15, 2021"
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    "name": "Mashgin",
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    "website": "http://mashgin.com",
    "all_locations": "San Francisco, CA, USA",
    "long_description": "Mashgin creates better retail experiences through visual automation. \r\n\r\nWe’ve built a self-checkout kiosk that uses computer vision to scan multiple items without barcodes, reducing checkout time by 10x. We’re completely recreating the checkout experience in an industry that’s had little innovation in decades.\r\n\r\nOur clients see dramatic reductions in lines and revenue increases of as much as 400% as a result.",
    "one_liner": "Self-Checkout using Computer Vision.",
    "team_size": 150,
    "industry": "B2B",
    "subindustry": "B2B -> Retail",
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    "tags": [
      "Cashierless Checkout",
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      "AI"
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    "batch": "Winter 2015",
    "status": "Active",
    "industries": [
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      "Retail"
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        "question": "How did your company get started? (i.e., How did the founders meet? How did you come up with the idea? How did you decide to be a founder?)",
        "answer": "Back in the early 2010s, Mukul was hard at work helping Toyota determine how computers could use cameras to interpret and interact with the world. But Mukul had a problem - every day, he would go to get his lunch, and every day he’d spend most of that time (30-40 minutes) waiting in line in his corporate cafeteria. He decided to take a closer look at the issue and decided that computer vision could be the answer. After some initial testing, Mukul felt the idea was a big opportunity and flew to California to pitch his idea.There he reconnected with Abhinai, who was his classmate in the same dorm at IIT Delhi. He created an early demo that was so impressive that it convinced Abhinai to join him.Having worked in large companies and created some enormously successful projects, we were disheartened by the fact that when a project became successful, several people came in at the final stages to take credit. We decided to be founders and create a company that valued people’s contributions honestly and cut through the corporate bullshit.After successfully cold-calling head executives from some of the largest corporate cafeteria operators on the planet, we received many enthusiastic responses to our description of Mashgin’s Touchless Checkout System. He then set out to actually build it.After successfully building and demoing a Mashgin prototype to the YC team, Mashgin went from “project” to “company” over the course of the Winter 15 Batch."
      },
      {
        "question": "How did you decide to apply to Y Combinator? What was your experience applying, going through the batch, and fundraising at demo day?",
        "answer": "We applied to YC very late, just a few days before the start of W15 batch. We were in the middle of raising a seed round and through our suboptimal interactions with investors, we realized that we needed YC guidance to help us raise a round on good terms. Our YC experience was amazing, if a bit overwhelming at times. YC partners forced us to think clearly about the next steps. At one point they had us go door to door to every business in Mountain View downtown to try and sell our product. We made our first sale that day and we’ll never forget that experience! Fundraising post YC was every bit what we imagined it to be. It made the entire process super smooth and easy."
      },
      {
        "question": "What's the history of your company from getting started until the present day? What were the big inflection points?",
        "answer": "When we started the company in 2014, our initial goal was to improve the checkout experience in corporate dining facilities, cafeterias, and sports stadiums. We aimed to use computer vision and machine learning technology to create a much more efficient and convenient experience for customers. Entering YC and getting to demo day with a major letter of intent was a big moment for the company, giving us the experience and fundraising to make Mashgin market-ready over the following few years.However, with the outbreak of COVID-19 in 2020 and the subsequent lockdowns, we had to pivot our focus to the convenience store space as corporate offices closed and retail demand for self-checkout solutions skyrocketed.During the pandemic we were able to secure an enormous deal with Circle K, one of the largest convenience store chains in the world, for 10,000 kiosks across their global portfolio of stores. This elevated us from a burgeoning player in AI to the most market-tested solution in the world.In May 2022, we were able to announce a Series B funding round of $62.5 million with a valuation of $1.5 billion, earning us the title of “unicorn” company. The round was led by NEA, a global venture capital firm that’s invested in other successful startups like Cloudflare, Patreon Plaid, and Robinhood, with additional support from our existing investor, Matrix Partners.Today Mashgin continues to expand within the convenience, sports, and corporate dining industries while beginning to explore adjacent opportunities in spaces like ski resorts, quick service restaurants, and drug stores."
      },
      {
        "question": "What is the core problem you are solving? Why is this a big problem? What made you decide to work on it?",
        "answer": "Online retail has gone through several iterations in the past few decades and the experience today is extremely frictionless. Physical retail on the other hand has not seen the same level of innovation and the experience hasn’t changed much since the early 90s. We want to use the latest advances in AI and Computer Vision to make physical retail as easy and frictionless as online retail.More specifically, Mashgin solves the problem of long wait times and checkout bottlenecks. Customers often experience frustration and dissatisfaction when they have to wait in long lines to check out, and retailers also face the challenge of managing and staffing checkouts. This is a big problem because lines are a waste of time for everyone involved. Over the course of a lifetime, the average person will spend years waiting in lines. And those lines aren’t just wasted time for consumers, they result in lost sales for retailers. Studies by Forrester and BlueDot have shown that retailers lose as much as 57% of their sales when customers perceive the line as long (which in a convenience store is 3 people).Besides being frustrated by our own lunch lines, we decided to work on this problem because we saw an opportunity to use computer vision and machine learning to create a more efficient and convenient shopping experience for customers across industries."
      },
      {
        "question": "What is your long-term vision? If you truly succeed, what will be different about the world?",
        "answer": "At Mashgin, our long-term vision is to create a world where the shopping experience is completely seamless and frictionless. If we succeed, waiting in line to purchase goods will be a thing of the past. Consumers will have more time to do the things that they love with a faster, more convenient, and less stressful experience in retail and dining spaces.  For retailers and concessionaires the technology will free up time and resources, allowing them to focus staff on other key areas of the business like stocking, cooking, cleaning, and customer service."
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    "url": "https://www.ycombinator.com/companies/mashgin",
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    "year_founded": 2014,
    "city": "San Francisco",
    "country": "US",
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      "name": "Brad Flora",
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        "full_name": "Abhinai Srivastava",
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        "full_name": "Mukul Dhankhar",
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        "linkedin_url": "https://linkedin.com/in/mdhankhar",
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        "title": "Senior Software Engineer, Full-Stack",
        "url": "https://www.ycombinator.com/companies/mashgin/jobs/BaWLmBF-senior-software-engineer-full-stack",
        "location": "Palo Alto, CA",
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        "experience": "6+ years",
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        "title": "Software Engineer, Computer Vision and Deep Learning",
        "url": "https://www.ycombinator.com/companies/mashgin/jobs/Lwg6Tpa-software-engineer-computer-vision-and-deep-learning",
        "location": "Palo Alto, CA",
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        "title": "Senior Technical Product Manager",
        "url": "https://www.ycombinator.com/companies/mashgin/jobs/o1C6SdM-senior-technical-product-manager",
        "location": "Palo Alto, CA, US",
        "type": "Full-time",
        "role": "Product",
        "role_type": null,
        "salary_range": "$180K - $230K",
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        "experience": "6+ years",
        "visa": "Will sponsor",
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        "title": "Senior Software Engineer, Backend",
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        "location": "Palo Alto, CA",
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        "title": "Mashgin Hits $1.5 Billion Valuation With AI-Powered Self-Checkout System",
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    "all_locations": "San Francisco, CA, USA; Remote",
    "long_description": "Shasqi is leading the development of therapeutics leveraging click chemistry to get active cancer treatments to tumors with its proprietary CAPAC™ platform. Our technology is based on localizing a click chemistry reagent in the tumor area, which then activates a second agent, a systemically infused protodrug. When the two 'click', a powerful localized therapy is activated at the tumor, while keeping its systemic exposure levels below toxic thresholds.",
    "one_liner": "Targeting Cancer with Click Chemistry",
    "team_size": 28,
    "industry": "Healthcare",
    "subindustry": "Healthcare -> Drug Discovery and Delivery",
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    "tags": [
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    "url": "https://www.ycombinator.com/companies/shasqi",
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    "year_founded": 2015,
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        "founder_bio": "José M Mejía Oneto is a physician scientist with training in Organic Chemistry at Emory and Orthopedics at UC Davis. During his clinical training, Jose recognized the need for a better way to get drugs to the right location in the body. Joined the YC program in 2015 with Tambo and in 2018 its spinoff Shasqi, focussing on pioneering click chemistry in humans for better cancer drugs. Shasqi has raised a more than $60M in funding, with its lead asset in Phase 2 and a growing pipeline of drugs. ",
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        "linkedin_url": "http://www.linkedin.com/in/joseperu/",
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    "name": "Direct Match",
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    "website": "http://directmatchx.com",
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    "long_description": "Direct Match was a venture-backed startup building the first all-to-all US Treasury trading venue.",
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    "all_locations": "Buenos Aires, CABA, Argentina",
    "long_description": "DemocracyOS is an online space for deliberation and voting on political proposals. It is a platform for a more open and participatory government.The software aims to stimulate better arguments and come to better rulings, as peers.",
    "one_liner": "Online space for deliberation, policy making and democratic…",
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