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Razorpay raises $160 Mn at a valuation of $3 Bn

Shortpedia

Content Team
Image Credit: shortpedia

Business-focused payment gateway and neo banking platform Razorpay has raised $160 million in its Series E round co-led by Singapore’s sovereign wealth fund GIC and Sequoia India. Other existing investors who participated in the round include Ribbit Capital and Matrix Partners. According to Razorpay, it has reached a valuation of $3 billion with the fresh capital infusion.