Skip to main content

Razorpay Raises $375 Mn From Lone Pine Capital, Others; Valuation More Than Doubles To $7.5 Bn

Razorpay has raised USD 375 million (about Rs 2,850 crore) in fresh funding from Lone Pine Capital and others at a valuation of USD 7.5 billion, which has more than doubled since the fintech major's last funding round in April this year, its co-founder and CEO Harshil Mathur said. Speaking to PTI, Mathur said the series F round was co-led by Lone Pine Capital, Alkeon Capital and TCV, and also saw participation from existing investors like Tiger Global, Sequoia Capital India, GIC and Y Combinator. "With this funding round, our valuation has increased to USD 7.5 billion -- the fastest increase in valuation for an Indian unicorn in a year. Razorpay was valued at USD 1 billion in October last year and USD 3 billion in April this year," he added.

https://ift.tt/eA8V8J
Labels:

Comments

Post a Comment

Popular posts from this blog

Maldives Issues Travel Advisory for Indians Travelling To Island Nation for Holidays: Check Here

As per a directive issued by Maldivian government, they are suspending tourists travelling from India to Maldives from staying at tourist facilities in inhabited islands. The order will be in force from April 27. https://ift.tt/3aEFUXr
Post a Comment
Read more

North Korea Cuts Diplomat Ties With Malaysia Over US Extradition

Seoul (AP) North Korea says it'll cut diplomatic ties with Malaysia to protest its recent court ruling that allows a North Korean citizen to be extradited to the United States to face money laundering charges. North Korea's Foreign Ministry said Friday that it was announcing total severance of the diplomatic relations with Malaysia which committed super-large hostile act against (North Korea) in subservience to the US pressure.. https://ift.tt/eA8V8J
Post a Comment
Read more