Business-focused payment gateway and neo banking platform Razorpay has raised $100 million in a Series D funding round led by Singapore-based GIC and existing backer Sequoia Capital at a valuation of over $1 billion. Other existing investors including Ribbit Capital, Tiger Global Management, Y Combinator and Matrix Partners India also participated in the round. With this, Razorpay has become the fourth unicorn in the payments space in India after Paytm, Billdesk and Pine Labs.
Razorpay enters the unicorn club with $100 Mn round led by GIC and Sequoia
Date posted: Tuesday 13 October 2020