Razorpay, one of India’s fastest-growing fintech Unicorns, announced that it raised $375 million in Series F round.
The round was co-led by Lone Pine Capital, Alkeon Capital, and TCV, with participation from existing investors Tiger Global, Sequoia Capital India, GIC, and Y Combinator. With this, the company’s valuation increased to $7.5 billion.
The company plans to use the funds to further scale up its business banking suite RazorpayX and offer new banking solutions in 2022.
The full-stack financial solutions company also plans to invest in new acquisitions in 2022 and expand its presence across the globe, starting with the southeast Asian countries.
Company: Razorpay, Inc
Raised: $375.0M
Round: Series F
Funding Month: December 2021
Lead Investors: Lone Pine Capital, Alkeon Capital, and TCV
Additional Investors: Tiger Global, Sequoia Capital India, GIC, and Y Combinator
Company Website: https://razorpay.com/
Software Category: neo-banking platform
About the Company: Razorpay, a full-stack financial services company, Razorpay has grown from being a payment gateway provider to a solutions-driven organization boasting of an extensive products suite to accept and disburse payments as well as raise capital and park money. The company’s neo-banking platform, RazorpayX, is changing the business of banking rapidly and intelligently, powering over 25,000 Indian businesses to manage their money. Established in 2014, the company provides technology payment solutions to over 8 million businesses.
Source: https://www.entrepreneur.com/article/403669 https://razorpay.com/blog/razorpay-secures-375-million-in-series-f-funding/