Regulations slow growth but reward patient founders: Razorpay’s Harshil Mathur at YC Startup School

Building in a regulated space has its own advantages because not all founders will have the patience to navigate regulatory hurdles, said Harshil Mathur, chief executive officer of Razorpay, at the Y Combinator Startup School event in Bengaluru.

Addressing a crowd of 2,500 at the first such YC event in India, Mathur told YC partner Jon Xu in a fireside chat that when he started the company, he had underestimated the potential size of the Indian payments market and that Razorpay has since surpassed all his initial business projections in the last ten years.