Lord Parashurama's mother was Renuka. Renuka was the daughter of King Prasenjit and wife of Maharishi Jamadagni.
Lord Parashurama was born on the day of Akshaya Tritiya in Treta Yuga.
Lord Parashuram is said to be the sixth incarnation of Lord Vishnu .
According to mythological beliefs, Parashurama was born from the womb of mother Renuka as a blessing from Lord Indra who was pleased with the Putrayeshti Yagna of Bhrigu dynasty's Maharishi Jamadagni.
According to Vishnu Purana and Mahabharata, Parashurama's original name was "Rama".
In the naming ceremony performed by the grandfather Bhrigu, he was called Ram.
Mention of Parashuram is also found in texts like Ramayana, Mahabharata, Bhagwat Puran, Kalki Puran etc.
Parashurama is also known as "Bhargava". He is one of the 7 immortals.
Parashuram had gone to Kailash in his childhood, where Shiva and Mother Parvati considered him as their son. And Lord Shiva taught him various scriptures and warfare.
Lord Shiva was the Guru of Parashuram. He had acquired many knowledge from Shiva on Kailash and had also received divinity as a boon. To kill the demons, he had received the divine weapon Vidyudbhi, an infallible Parshu from Lord Shiva. He was called Parashuram because he carried the Parshu given by Shiva.
He killed the Kshatriyas 21 times with the Parshu he had received from Shiva.
In Kailasha, when Ganesha prevented him from seeing Lord Shiva, one of Lord Ganesha's teeth got broken by his Parshu during his battle with Ganesha, due to which Ganesha was called "Ekadant".