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GIC leads RazorPay's Series D funding, raises US$100 mil

Bloomberg
Bloomberg10/12/2020 07:34 AM GMT+08  • 1 min read
GIC leads RazorPay's Series D funding, raises US$100 mil
The funding round values the Bangalore, India-based payment processing company at “a little more than US$1 billion," says its CEO.
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Razorpay raised US$100 million ($135.2 million) in Series D financing co-led by Singapore sovereign wealth fund GIC Pte and Sequoia India, TechCrunch reported, citing the fintech start-up’s co-founder and Chief Executive Officer Harshil Mathur.

The funding round values the Bangalore, India-based payment processing company at “a little more than US$1 billion,” he said.

Existing investors Ribbit Capital, Tiger Global, Y Combinator, and Matrix Partners also took part in the financing round, TechCrunch said.

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