Razorpay raises $75M funding led by Sequoia Capital
Razorpay raises $75 million series C round of equity funding from fintech Venture capital firm Ribbit Capital & Sequoia Capital.
Tiger Global Management and Y Combinator’s Continuity Fund also participated in this round.
Bengaluru based b2b payment solutions platform will use this funding to expand its operation and hire more people.
Till date, Razorpay has raised about $107 million from Matrix Partners, MasterCard, and other angel investors. It had last raised equity capital in a round led by Tiger Global in early 2018.
Founded by Harshil Mathur & Shashank Kumar in 2013, Razorpay is a payments company that provides payment solutions to online merchants in India.
The company plans to use this fund to support its neo-banking platform Razorpay X and it...