India Based Paymentech Razorpay Raises $160M At $3B Valuation

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Indian paymentech Razorpay secured US$160 million in Series E funding round at a valuation of $3 billion, which is 3x of its previous valuation. The funding round was led by GIC, Sequoia Capital India, Ribbit Capital and Matrix Partners.

Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay is a platform that enables businesses to accept, process, and disburse payments with its product suite.

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