Razorpay raises $375 mn as valuation jumps seven-fold | Mint
16 October 2024
Digital payments and financial services provider Razorpay has raised its second major round of funding this year. The $375 million round is part of its Series F fundraising, co-led by hedge and private equity firms Lone Pine Capital, Alkeon Capital, and TCV.
With this fundraising, Razorpay is now valued at $7.5 billion, a seven-fold rise in its valuation since the start of 2021, when the company was valued at a little over $1 billion. This makes Razorpay the most valued privately-held fintech company in India, and the second most valued Indian fintech after One97 Communications Ltd owned Paytm.
Digital payments and financial services provider Razorpay has raised its second major round of funding this year. The $375 million round is part of its Series F fundraising, co-led by hedge and private equity firms Lone Pine Capital, Alkeon Capital, and TCV. With this fundraising, Razorpay is now valued at $7.5 billion, a seven-fold rise in its valuation since the start of 2021, when the company was valued at a little over $1 billion. This makes Razorpay the most valued privately-held fintech company in India, and the second most valued Indian fintech after One97 Communications Ltd owned Paytm.
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.