Razorpay becomes unicorn after raising $100M in Series D funding round

Razorpay – a Bangalore-based fintech startup – has now made it to the coveted unicorn club. The startup has raised $100M in Series D financing round led by Singapore’s sovereign wealth fund GIC and Sequoia India. The new round values the startup at over $1B. Existing investors Ribbit Capital, Tiger Global, Y Combinator, Matrix Partners also participated in the round, bringing Razorpay’s to-date raise to $206.5M.

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