Bangalore-Based Razorpay Smbs Raises $160m In Series Sequoia
Bangalore-based Razorpay, a digital payments platform for small and medium businesses (SMBs), has raised $160 million in a Series D funding round led by Sequoia India. The round also saw participation from existing investors Ribbit Capital, Tiger Global, Y Combinator, Matrix Partners India, and GGV Capital.
With this investment, the company has raised a total of $206 million in equity and debt financing so far. The proceeds from the latest round will be used to strengthen Razorpay’s merchant base and expand its product offerings.
About Razorpay
Founded in 2014, Razorpay provides a platform that connects businesses with customers, allowing them to collect payments online. It offers services such as a payment gateway, subscription billing, and invoicing for businesses across India.
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